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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Norway’s Government Pension Fund Global acquires property in New York

Posted on 24 November 2015

Norges Bank Investment Management has acquired a 44 per cent share in a property portfolio in New York City on behalf of the Government Pension Fund Global.
The portfolio comprises of 11 office properties, in a joint venture with Trinity Wall Street. It cost US $1.56bn (€1.47bn), with the total value of the portfolio at US $3.55bn (€3.33bn) and gives the fund a 75-year ownership interest. The binding agreement was signed 20 November 2015 and is expected to close before year-end 2015………………………………………..Full Article: Source


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