Norway Sovereign Wealth Fund Spends $1.5 Billion on NY and Boston Properties

Posted on 09/17/2014


Norges Bank Investment Management (NBIM), which manages the sovereign wealth of Norway, has inked a deal to acquire a 45% interest in 601 Lexington Avenue (formerly Citigroup Center), in addition to equal shares in two Boston properties for US$ 1.5 billion in cash. This puts the aggregate value of the properties at around US$ 4.06 […]

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