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Norway SWF adds German buildings to property portfolio

Posted on 12 October 2012

One of the world’s largest sovereign wealth funds has made its first foray into the German property market with a €784m deal for two buildings, as it continues to scout opportunities in major European cities.
Norges Bank Investment Management, which manages $615bn on behalf of the Norwegian government pension fund, has agreed to acquire two buildings in Berlin and Frankfurt from Royal Bank of Scotland, the fund said on Wednesday………………………………………..Full Article: Source

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