Business and people search

Sovereign wealth fund closing in on Meadowhall deal

21st September 2012

Meadowhall

Meadowhall

NORWAY’S sovereign wealth fund is set to complete the £750m purchase of a 50% stake in the Meadowhall shopping centre in Sheffield, leaving British Land with its 50% ownership.

According to Property Week, and in a deal that could be announced as early as next week, Norges Bank Investment Management, which manages the £376bn sovereign wealth fund, and British Land have agreed terms of a joint venture that will own the 1.4m sq ft mall on a 50:50 basis.

Norges is on the verge of buying the half-share i......for the full story register now for free or login below...

Or Login to Read this Story


Latest Business News

Five deals in one week for accountants

Five deals in one week for accountants

03/05/2016Clare Burnett

"Steel saviour" to buy Tata sites

"Steel saviour" to buy Tata sites

03/05/2016Duncan Tift

Motor giant snaps up Jaguar site

Motor giant snaps up Jaguar site

03/05/2016Clare Burnett

Law firm launches new offices in style

Law firm launches new offices in style

03/05/2016Clare Burnett

Wedding venue and hotel gets new owners

Wedding venue and hotel gets new owners

29/04/2016Clare Burnett

Read More News

 
TheBusinessDesk is a trading name of Regional Media Services Ltd.
A company registered in the UK, company number : 07111349 VAT Number : 124302954