Norway Sovereign Fund Buys Axel Springer Berlin Office Development
Posted on 07/17/2017
On July 14, 2017, Norges Bank Real Estate Management acquired a 100% interest in the new building Axel-Springer-Neubau, which is currently under construction in Berlin. Norges Bank Real Estate Management has agreed to pay €425 million upon completion of the building in a forward sale and leaseback transaction. The asset will be unencumbered by debt, […]
- Axel Springer
- Berlin
- Development
- Europe
- Germany
- Hengeler Mueller
- JLL
- Norway Government Pension Fund Global
- Office
- real assets
