Covent Garden is primarily owned and managed by Shaftesbury Capital (holding 75%), with Norges Bank Investment Management (holding 25%) acquiring a stake in April 2025. The estate consists of over 1.4 million sq ft, including 220 buildings, and is managed by Shaftesbury Capital, which was formed by a 2023 merger.
Norway's sovereign wealth fund buys a quarter of London's Covent Garden. Norway's sovereign wealth fund, the world's biggest, has made a fresh bet on the future success of central London as the country's investment vehicle struck a £570m deal to buy a quarter of the Covent Garden estate.
Shaftesbury Capital PLC is a Real Estate Investment Trust which invests in London's West End including Covent Garden, Carnaby Street, Soho and Chinatown. Our purpose is investing to create thriving destinations in London's West End where people enjoy visiting, working and living.
In a vote of confidence for the UK's retail sector, Norway's sovereign wealth fund has bought a quarter of London's Covent Garden for £570 million. Norges Bank also took a £360 million stake in the Duke of Westminster's Grosvenor estate earlier this year.
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Who owns the covent garden hotel?
Owned by Kit and Tim Kemp's Firmdale Group, which has seven other hotels in London and three in New York, Covent Garden can claim Scarlett Johansson, Meryl Streep and Kate Winslet as fans.
London Chamber of Commerce and Industry (LCCI) is the capital's largest independent networking and business support organisation. Representing the interests of London businesses, we create thousands of connections every year and offer our members a wide range of practical and professional services.
The population of Norway is only 8% of the UK's yet its per capita wealth significantly surpasses ours, driven by its lucrative oil and gas industry and supported by the world's largest sovereign wealth fund which is valued at over $1.4 trillion.
If Norway had produced significantly more oil and gas than the UK, this may be understandable. However, this is not the case. Instead, Norway has only produced 2.4% more oil and gas than the UK.
In all, it brings the Norwegian fund's investment in the U.K. capital city to $1.13 billion when combined with its long-term stake in Regent Street, jointly owned with the property arm of the U.K. Royal Family, The Crown Estate.
The 2% property rule is a real estate investing guideline where the monthly rental income should be at least 2% of the property's total purchase price (including renovations/repairs) to indicate strong potential cash flow and profitability. It's a quick screening tool to filter potential investments, but investors must conduct deeper analysis on expenses like taxes, insurance, and maintenance to confirm actual profitability.
We have compiled a brief rundown of the top estates and property portfolios.
The Grosvenor Estate. Gerald Cavendish Grosvenor, the 6th Duke of Westminster, controls the £10 billion Grosvenor Estate, making him London's wealthiest landlord. ...
Oil, gas, seafood, and products from energy-intensive industry are among our main export commodities. Our sea areas are six times the size of our land area, and our ocean-based industries account for almost 40 % of our total value creation, and 70 % of our exports.
The first historical record of Covent Garden dates back to 1200, when it consisted of fields. Owned by Westminster Abbey, the land where the Market Building and the Piazza now stand was referred to as 'the garden of the Abbey and Convent', hence its name.
Why is so much UK oil sent for export? The UK can't refine and manufacture the amount of oil-based products it uses. Overall refinery capacity in the UK has fallen by around 30% since 2010. This means we rely on other countries to produce the products we need.
It's generally more expensive to live in Norway than the UK, especially for day-to-day costs like groceries and dining out, due to higher taxes and wages, but housing in major Norwegian cities can sometimes be relatively more affordable than in London; however, high salaries in Norway often offset these higher expenses, making it comfortable for residents but challenging for those on foreign incomes.
Norway, a country with just over 5 million people, manages the world's largest sovereign wealth fund — worth nearly $2 trillion. This translates to around $340,000 for every citizen, making it one of the richest countries per capita.
How much money do you need to start a business in London?
How much money is typically needed for business startup costs in the UK? The amount of money you need to start a business in the UK is roughly £5,000 on average. However, how the exact amount you need to budget varies by sector, with creative and tech startups often requiring just £1,000 or less.
