Fund makes new investment in London
27 September 2018
Norges Bank Real Estate Management has acquired a 100 percent interest in an office property located on 60 Holborn Viaduct in Central London.
The agreement was signed and completed on 27 September 2018.
Norges Bank Real Estate Management paid 321.3 million pounds for its 100 percent ownership interest. The asset is unencumbered by debt, and no financing was involved in the transaction.
The seller of the property was VGV Immobilienfonds II, a fund managed by Union Investment Institutional Property GmbH.
The property comprises 219,000 square feet of office space and 17,000 square feet of retail space across five units.
Line Aaltvedt, Communications Manager
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