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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

MetLife expands office folio with Norwegian fund

Posted on 17 January 2014

Norges Bank Investment Management and MetLife purchased a 12-storey office at 555 12th Street in north-west Washington, according to a statement. The Norway fund, which oversees about $830bn, also purchased 47.5pc of a San Francisco property at 425 Market Street from the insurer.
The gross value of the two buildings is about $1bn, according to a separate statement from the Norwegian fund. MetLife and Norges Bank began the joint venture last month with a bet on One Financial Centre, a 46-storey Boston office tower………………………………………..Full Article: Source


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