Norwegian sovereign wealth fund Norges Bank Investment Management has acquired an additional 10% interest in The Pollen Estate, located in London’s West End.
The agreement was signed and completed on 8 November 2024.
Norges Bank Investment Management paid £81 mln (€98 mln) for its additional 10% ownership interest, valuing the estate at £794 mln including existing debt. The seller of the interest is Greenwich Hospital.
Norges Bank Investment Management already owned 58% in The Pollen Estate, which it purchased in 2014.
The asset management of the estate will continue to be overseen by the board of the Pollen Estate trustee company.
The estate comprises approximately 750,000 ft2 (70,000 m2) of predominantly office and retail space.
