Norway's wealth fund takes majority stakes in Paris, Berlin properties

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Swiss Life Group will hold the remaining 35% and will manage the properties

Terje Solsvik, Reuters News

September 9, 2022

PHOTO

Norway's sovereign wealth fund has agreed to buy 65% stakes in two properties located in Paris and Berlin for 438 million euros ($442 million), Norges Bank Investment Management said in a statement on Friday.

Swiss Life Group will hold the remaining 35% and will manage the properties, NBIM said.

($1 = 0.9902 euros) (Reporting by Terje Solsvik; editing by Jason Neely)

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