Tue, Oct 21, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Fund Profile, Investment more

Norway sovereign wealth fund enters US property market

Posted on 12 February 2013

Norway’s Government Pension Fund, the world’s largest sovereign wealth fund, said Monday it had entered the US real estate market by investing $600 million (448 million euros) in five office properties.
The fund bought a 49.9 percent stake in five office buildings in Washington DC, New York and Boston after forming a joint venture with the seller, TIAA-CREF, a pension fund. The US fund will retain a 50.1 percent holding and will be responsible for managing the properties, it said………………………………………..Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031