The battle for a £3 billion property empire in London's Chinatown just took a new turn

pulse

February 22, 2018 12:14 PM

Norway's sovereign wealth fund now owns over 20% of Shaftesbury — which has a £3 billion property portfolio in London's Soho and Chinatown districts.

Norwegian sovereign wealth fund buys 8.2% stake in property giant Shaftesbury for around £245 million.
The fund, which is the world's largest, now owns over 20% of Shaftesbury — which has a £3 billion property portfolio in London's Soho and Chinatown districts.
Shaftesbury's biggest shareholder Samuel Tak Lee is believed to be preparing a takeover bid, but the Norwegian fund's move makes this more difficult.