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Norges buys further 25% stake in 20 Air Street

Norges Bank Real Estate Management has acquired an additional 25% stake in 20 Air Street in central London from the Crown Estate for £112.5m, bringing Norges’ share up to 50% in the property.
By James Buckley
September 4, 2017 | 5:38 P.M.

The agreement was completed on 1 September 2017 and the deal values the building at £450m. No financing was used in the acquisition, and the asset is held unencumbered by debt.

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  • Properties