Norges Bank has upped its stake in British Land from 6.36% to 7.41%.
It is the second time the Norwegian bank has increased its holdings in the London-focused REIT since it reported a 7.3% drop in the value of its portfolio to £10.3bn and a pretax loss of £730m in its latest half-year results on 18 November.
Norges growing its stake in BL comes as Singapore’s GIC, which is also British Land’s partner on its Broadgate Campus (pictured) in the City of London, reduced its holding in the REIT to 3%, down from just under 4%.
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