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Announced

Norges Bank Investment Management to acquire the remaining 50% stake in Meadowhall shopping mall from British Land for £360m.

Synopsis

Norges Bank Investment Management, the Norwegian sovereign wealth fund, agreed to acquire the remaining 50% stake in Meadowhall shopping mall from British Land, one of the largest property development and investment companies in the United Kingdom, for £360m. "We are very pleased to extend our ownership in Meadowhall, a dominant super regional shopping centre with strong occupier fundamentals," Mie Holstad, Norges Bank Investment Management Chief Investment Officer Real Assets.

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