Norway's oil fund pays GBP 240 million in London property deal

September 18, 2015 1:54 PM

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OSLO, Sept 18 Norges Bank Investment Management, which runs Norway's $842 billion oil fund, has bought a retail and office property located above London's Bond Street Underground station, it said on Friday.

"Norges Bank Investment Management paid 240 million pounds ($375.17 million) for the entities that own the 95-year long leasehold interest in the property. The asset is unencumbered by debt, and no financing was involved in the transaction," the fund added.

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