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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Norway’s wealth fund bought real estate in Poland, Hungary, Czech Republic

Posted on 24 October 2016

Norway’s sovereign wealth fund, the world’s largest, has bought a 50 percent stake in a portfolio of logistics properties in Poland, the Czech Republic and Hungary, the fund said in a statement. The stake was bought from Prologis, which retains a 50 percent sake.
“Norges Bank Real Estate Management paid 55.3 million euros ($60.20 million) for its 50 percent interest, valuing the portfolio of eight buildings at 110.5 million euros,” the fund said………………………………………Full Article: Source


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