15.10.2014 - Norwegian oil fund snaps up office properties in Munich
Norges Bank Investment Management has bought its first properties in Munich on its own. The Norwegian sovereign wealth fund has paid AM Alpha €176.1m for two office assets in the centre of the German city. The deal is the fund’s first German purchase without a partner. Siegmut Boehm, managing director at AM Alpha, said: “We had overwhelming interest when we started the bidding process from both international and domestic investors, and we are glad to have chosen a top financial institution like Norges Bank Investment Management as an investor for our prime properties.”..............................................Full Article: Source
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