its oil wealth is on your shopping spree in London again, and has purchased 100 per cent of a property in Oxford Street, this is the second time in the short time that its oil wealth buying property in the fashionable shopping street.
the Property will be leased to Benetton, New Look Retailers and MoneySuperMarket.com Group, and is located in Oxford Street, 73-89, enter the fund in a message.
the Fund’s eiendomsenhet Norges Bank Real Estate Management paid 276,5 million pounds for the property, which is equivalent to 2.9 billion. This brings the total value of eiendomsporteføljen in London to in excess of 52 billion.
This provides a kvadratmeterpris on 358.467 money.
the Seller was Great Portland Estates plc.
the Fund pays 205,2 million pounds of acquisition, and pay the remainder when the building is completed in June next year. The transaction does not include debt. The agreement was signed 15. november.
the Property is on four floors and will consist of both retail space and office space.
Total, the property will consist of a total of 8.090 square meters – butikklokalene stands for 4.090 square feet and office space of 4.000 square meters
$ a milliardkjøp
In July this year paid its oil wealth 1.4 billion for a retail property on 5.480 square meters in the same street, Oxford Street. Adding together the two, the amount of the total investment in London in 2016 to nok 4.3 billion.
Its oil wealth buying property for a half a billion
its oil wealth has ownership interests in 197 properties in London, five of these properties are owned 100 per cent.
Important by
British property is important for eiendomsporteføljen to its oil wealth. 23 per cent of the portfolio is invested in uk property and 16 per cent in London.
According to the investment strategy for its oil wealth to 5 per cent of the value of the fund will be placed in the property, and the fund expects that 1 per cent of the fund invested in real estate each year for the next few years.
Oljefondets market value was at 7.177 billion by the end of the first half of the year.
59,6 per cent was invested in equities, while 37,4 per cent was invested in fixed income instruments. 3.1 per cent of the fund was invested in the property.
the Fund sent 24 billion of Siv Jensen the Finance in the course of the quarter so that the state has enough money to pay all their bills.
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