Norway’s Sovereign Wealth Fund Buys Stake in Times Square Tower
Posted on 09/09/2013
Norway’s sovereign wealth fund, the Norwegian Government Pension Fund Global (GPFG), has inked a joint venture agreement with real-estate investment trust, Boston Properties, Inc. The GPFG will acquire a 45% interest in the Times Square Tower for US$ 684 million. The whole tower is valued at US$ 1.52 billion. No financing will be used in […]
- Boston Properties
- New York
- Norway Government Pension Fund Global
- real assets
- Real Estate
- Times Square Tower
