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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Norway wealth fund joins Axa for European property lending

Posted on 16 October 2013

The manager of Norway’s sovereign-wealth fund, the world’s largest, formed a venture with Axa Real Estate Investment Managers to provide European commercial real estate debt as borrowers rush to refinance maturing loans.
Norges Bank Investment Management and Axa Real Estate, a unit of Europe’s second-largest insurer, will supply individual senior loans as large as 600 million euros ($814 million) mainly in the U.K., France and Germany, Axa Real Estate said……………………………………….Full Article: Source


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