06.07.2011 - Norwegian wealth fund buys stake in French properties
In a deal that demonstrates Norway's intention to continue investing in European real estate, the $584 billion Norwegian sovereign-wealth fund has closed its second major European property deal within a year with the purchase of a stake in seven French office properties valued at 1.4 billion ($2.04 billion). Norges Bank Investment Management said it agreed to pay 702.5 million for a 50% stake in seven properties, including office buildings in the upscale Champs-Elysees district and La Defense, a growing business district on the edge of Paris..............................................Full Article: Source
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