Norway Sovereign Fund Acquires Interest of 11 Times Square Property

Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, has purchased a 45% interest in 11 Times Square. Founded in 1981, SJP Properties was founded by Steven J. Pozycki. The 45% interest was acquired from Prudential Real Estate Investors and SJP Properties, who will together remain as majority owners. The deal was signed on January 23, 2015 and closed on February 11, 2015. Norway’s sovereign wealth fund has invested in a number of properties in the Northeast of America.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute
 
institutional investor investment mandates