Norway Sovereign Wealth Fund Acquires Pricey DC Real Estate

Posted on 10/29/2014

Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, acquired a 49.9% stake in a Washington, DC office property for US$ 195.6 million. The property is PNC Place and is located at 800 17th Street. The 364,502 square foot building is close to Farragut Square. 96% of the property is office, the […]