Norway SWF Expands Manhattan Property Empire

Posted on 08/21/2017

On August 18, 2017, Norges Bank Real Estate Management, the real estate unit of Norges Bank Investment Management (NBIM), acquired a 48% interest in 375 Hudson Street in New York City, in joint venture with Trinity Church Wall Street and Houston-based Hines. The price for the 48% stake in the 93-year ownership interest was US$ […]