Mon, Sep 22, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Norway oil fund agrees on $1 bln property deal with Axa

Posted on 06 July 2011

Norway’s sovereign wealth fund agreed to buy 50 percent in seven properties in Paris for 702 million euros ($1 billion) from Axa SA, as part of a plan to add at least $25 billion in real estate assets to boost returns.
The $570 billion Government Pension Fund Global will form a joint venture with Axa Real Estate, a unit of the Paris-based insurance company, to own 156,000 square meters (1.68 million square feet) of mainly office properties, the Oslo-based investor said today. The fund expects the transaction to close in the third quarter………………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 14784 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930