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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Two prime buildings in Germany go for $1 bln

Posted on 22 October 2012

In the biggest commercial real estate deal in Germany this year, Paris-based Axa Investment Managers SA and Norway’s Sovereign Wealth Fund (Norges Bank Investment Management) contracted to buy two prime office and retail properties in Berlin and Frankfurt for 784 million Euros ($1 billion U.S.)
The seller was Edinburgh-based Royal Bank of Scotland Group Plc. The deal is expected to close by Dec. 31 or earlier………………………………………..Full Article: Source


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