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​norway’s Swf In $98M Deal To Add 27 Years To Hudson Square Ownership | News | Ipe Ra

by realassets.ipe.com posted 4months ago 12 views
GPFG will extend interest on 12-asset New York portfolio in Hines/Trinity Wall Street JV. : Norway’s sovereign wealth fund has extended its ownership interest in the Hudson Square portfolio in Lower Manhattan that it part-owns with real estate firm Hines and Trinity Church Wall Street, to a 99-year term from 72 years. The NOK8.9trn (€919bn) fund, the Government Pension Fund Global (GPFG), will pay approximately $98m (€87m) for the extension of its 48% ownership interest in the 12-asset portfolio, the fund’s manager Norges Bank Investment Management (NBIM) announced.

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