Norway’s sovereign wealth fund is buying a slice of Covent Garden for $739 million amid retail boom for the former fruit and veg market

Quick Summary:

The Covent Garden estate is now worth £2.7 billion ($3.5 billion), with stores of most notable brands located in the retail hub.

When the city was decimated by fire in 1666, the area rose to the occasion, becoming London’s largest market selling fruit and vegetables.

Retail and food and beverage establishments use most of the land, while office and residential buildings occupy a quarter.

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Article Details

Author / Journalist: Prarthana Prakash

Category: EconomyBusiness

Markets: United StatesNorway

Topics: Norway Investment Europe real estate Real Estate London Editor's Picks Featured

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 12:03:57 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 120 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27191033

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