Norway's sovereign fund has announced the acquisition of the West One shopping centre and 75 Davies Street, a 90,000 sq ft (8,360 m2) retail and office property located above Bond Street Underground station in London.
Norway's sovereign fund has announced the acquisition of the West One shopping centre and 75 Davies Street, a 90,000 sq ft (8,360 m2) retail and office property located above Bond Street Underground station in London.
Norges Bank Investment Management has paid 拢240 mln (鈧�326 mln) for the legal entities that own the 95-year long leasehold interest in the property. The vendor is believed to be Orchard Street Investment Management.
The asset is free of debt, and no financing was involved in the transaction, NBIM said in a statement.
The building comprises 45,000 sq ft of office space on four upper floors and 45,000 sq ft of retail space in a shopping centre fronting Oxford Street. The shopping centre also provides an entrance to Bond Street London Underground station.
