Norway’s $1.7 trillion sovereign wealth fund paid $976.8 million to take full ownership of properties in three major US cities, doubling down on a view that prime office real estate remains a good bet in the longer term.
“In a period of heightened dislocation in the office sector, we see this as an opportune moment to invest,” Per Loken, the fund’s global co-head of unlisted real estate said in a statement Monday.
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