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…
Tag: Shaftesbury Capital
Shaftesbury Capital acquires 25-31 James Street, Covent Garden
LONDON: Shaftesbury Capital has completed the acquisition of the freehold interests in 25-31 James Street, Covent Garden for £75.1 million. The properties have a contracted rent of £3.9 million and comprise 21,000 square feet of lettable area, including 12,000 square feet of retail and 9,000 square feet of residential and office accommodation. This acquisition presents…