Investment Overview
Shaftesbury Capital has successfully sold a 25% stake in the iconic Covent Garden to Norway’s sovereign wealth fund for a remarkable £2.7 billion. This strategic move signifies a major shift in the ownership of one of London’s premier retail and cultural destinations. The deal is set to complete in April, enhancing the fund’s portfolio with a prime asset.
Future Implications
This transaction not only marks a significant financial milestone for Shaftesbury Capital but also reflects the strong investment interest in London’s vibrant real estate market. As the deal progresses toward completion, many industry experts are eager to see how this acquisition will impact Covent Garden’s future development and operations.
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