16.10.2013 - Norway wealth fund joins Axa for European property lending
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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