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Reuters: Norway’s wealth fund extends ownership of New York real estate
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Reuters: Norway’s wealth fund extends ownership of New York real estate
Business
Date posted: 23.04.2019
Category: Business News
Norway’s sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to acquire a few new, the fund said on Wednesday.
“The partnership between Norges Bank Investment Management (NBIM), Trinity Church Wall Street and Hines has extended the remaining 72-year ownership interest in the Hudson Square portfolio in New York City to a 99-year term,” it said in a statement.
Read entire article HERE.
Source: Reuters