Norway SWF and AXA Real Estate to Acquire SZ Tower

Norges Bank Investment Management (NBIM) and AXA Real Estate Investments Managers, through subsidiaries, will acquire joint control of SZ Tower in Munich, Germany.

According to a filing made on behalf of the two institutional investors, NBIM Otto Sarl, a fully-owned subsidiary of Norges Bank (the manager of Norway’s Government Pension Fund Global) and SCI Vendome Bureaux, which is owned by AXA France Insurance companies and managed by AXA Real Estate Investments Managers, will jointly acquire the 28-floor high rise building which is located just east of the Munich’s city center.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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