Fund adds to existing investment in London
2 October 2015
Norges Bank Investment Management has acquired a 100 percent interest in 33 Savile Row, a 12 unit, 12,000 square foot residential property occupying the two upper floors of Queensberry House in London.
The agreement was signed and completed 30 September 2015.
The acquisition complements the fund’s existing ownership of Queensberry House and brings the total value of the property to above 235 million pounds.
When Norges Bank Investment Management acquired Queensberry House in January 2015, the ownership included the freehold of the residential units on the 6th and 7th floor, but not the leasehold interest. The fund has now also acquired the long leasehold interest in the asset.