We introduce a class of unitarily invariant, locally • 1 -dominating, mutually continuous norms with repect to τ on a von Neumann algebra M with a faithful, normal, semifinite tracial weight τ . We prove a Beurling-Chen-Hadwin-Shen theorem for H ∞ -invariant spaces of L α (M, τ ), where α is a unitarily invariant, locally • 1 -dominating, mutually continuous norm with respect to τ , and H ∞ is an extension of Arveson's noncommutative Hardy space. We use our main result to characterize the H ∞ -invariant subspaces of a noncommutative Banach function space I(τ ) with the norm • E on M, the crossed product of a semifinite von Neumann algebra by an action β, and B(H) for a separable Hilbert space H.