Norway’s oil fund has purchased a 25% stake in Covent Garden for £570mn from Shaftesbury Capital, reflecting their confidence in London’s real estate market. This investment adds to Norges Bank Investment Management’s growing portfolio in the city, with previous acquisitions including a stake in the Grosvenor estate. The deal signals a positive view of high-quality real estate in London, as Shaftesbury reports increased property values and a surge in tourism post-pandemic.
Full Article
The Smartest Growth Stock to Invest $5,000 in Right Now
Despite varying investor goals and risk tolerances, Netflix (NASDAQ: NFLX) stands out as a compelling growth stock, showcasing strong long-term prospects. The company reported a 15.9% year-over-year revenue increase to $11.1 billion and a 47% growth in earnings per share to $7.19, alongside an impressive 87% rise in free cash flow. Want More Context? 🔎
Read more