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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Norway’s sovereign wealth fund raises stake in Hudson Square joint venture

Posted on 08 June 2016

Says acquired additional 4 percent in the Hudson Square joint venture with Trinity Church Wall Street, bringing the total share up to 48 percent for the duration of the 75-year ownership period. Says Norges Bank real estate management paid $142 million for the additional share of four percent, bringing the total investment up to $1.7 billion.
Says Trinity Church Wall Street maintains a majority interest of 51 percent in the joint venture. Says joint venture has selected real estate firm Hines as operating partner for the portfolio……………………………………….Full Article: Source


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