| Norway’s sovereign wealth fund has grown its share in a multi-billion-dollar US office portfolio, acquiring a further 4% stake for $142m (€125m). Norges Bank Investment Management (NBIM), responsible for the NOK7.1trn (€767bn) Government Pension Fund Global, said in a statement it had always intended to acquire an increased stake in the Hudson Square joint venture, comprising 11 properties in New York owned by Trinity Church Wall Street.
The joint venture agreed between NBIM and Trinity Church was first launched in November last year and saw the sovereign fund initially spend $1.56bn for a 44% stake...............................................Full Article: Source
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