Norges Bank makes €415m Parisian purchase

Norges 54-56 rue la Boetie

The real estate arm of Norway’s sovereign wealth fund has confirmed the acquisition of an office property in central Paris for €415.5m from South Korean mutual fund IGIS.

Norges Bank Investment Management has agreed to buy a 100% interest in the property at 54-56 rue La Boétie in the French capital from IGIS’ Global Private Placement Real Estate Fund Number 37-1.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue