Shaftesbury Capital forms strategic partnership with Norges Bank Investment Management

LONDON: Shaftesbury Capital PLC has entered a long-term strategic partnership with Norges Bank Investment Management (NBIM), the Norwegian sovereign wealth fund, involving the Covent Garden estate in London’s West End. The agreement will see NBIM acquire a 25% non-controlling stake in the estate for approximately £570 million, valuing the property at £2.7 billion. Shaftesbury Capital will retain…