Transactions - AUGUST 15, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Crown Estate JVs purchase two London retail properties for $1.2b

by Andrea Waitrovich

The Crown Estate and its partners have completed two separate London acquisitions, totaling $1.2 billion in sales price.

The Crown Estate and its partner Norges Bank Investment Management have purchased two famous London streets in the West End for $576 million. NBIM, which invests on behalf of Norway’s Government Pension Fund Global, bought a 57.8 percent stake and The Crown Estate owns a 6.4 percent stake. The seller was Church Commissioners for England.

Savile Row and Cork Street are part of the Pollen Family’s estate. The four-acre asset dates back to 1622. It is made up of 43 retail and office buildings between Regent Street and Bond Street. The buildings will continued be managed by the trustee company.

This year, Norway’s sovereign wealth fund 

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy