29.10.2014 - Norwegian oil fund, TIAA-CREF take stakes in US office asset

Norges Bank Investment Management (NBIM) and TIAA-CREF have bought stakes in a US office property. he Norwegian sovereign wealth fund said it paid $196m (€154m) for its 49.9% stake in the 17th Street building in Washington DC. TIAA-CREF, with a 50.1% stake, will asset-manage the property for the joint venture. he 364,502sqft property is, it added, “unencumbered by debt”...............................................Full Article: Source

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