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Norges RE management purchases office property in Paris

31 July 17 - RE+D Magazine
Norges RE management purchases office property in Paris

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Antulio Richetta

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Norges Bank Real Estate Management has signed an agreement to acquire a 100 percent interest in 6-8 boulevard Haussmann property, located in central Paris.

 

The agreement was, according to the company’s official statement, signed 28 July 2017 and is scheduled to close before year-end 2017.

Norges Bank Real Estate Management has agreed to pay 462.2 million euros for the property.

No financing will be used in the acquisition and the asset will be held unencumbered by debt.

The sellers of the property are Tamweelview European Holdings SA and Tamweelview Listed Securities Holdings, wholly-owned subsidiaries of the Abu Dhabi Investment Authority.

The property comprises 24,500 square metres of office space.

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