10.09.2013 - Norway oil fund buys $684 mln stake in Manhattan Tower
Norway’s sovereign-wealth fund agreed to buy a 45 percent stake in a Manhattan office building from Boston Properties Inc. for $684 million, expanding its real estate holdings in the world’s largest economy. Boston Properties, the biggest U.S. office real estate investment trust, will keep a 55 percent stake in the Times Square Tower and manage the building on behalf of the joint venture, the Oslo-based fund said in a statement on its website...............................................Full Article: Source
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