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property portfolio LondonCNBC
•Business
Business & Economics
86% Informative
Norway 's $1.8 trillion sovereign wealth fund struck a deal to buy a quarter of a property portfolio in London 's iconic Covent Garden .
Norges Bank Investment Management said it will pay 570 million ( $739 million ) to Shaftesbury Capital for a 25% stake in the London property portfolio.
It follows a 306 million investment by the state wealth fund for a.
25% in the Duke of Westminster's Grosvenor estate in January .
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