Reuters logo
Norway's oil fund buys Paris property for 425.6 mln euros
August 1, 2014 / 9:37 AM / 3 years ago

Norway's oil fund buys Paris property for 425.6 mln euros

OSLO, Aug 1 (Reuters) - Norway’s $870 billion oil fund purchased a retail and office property in Paris from BlackRock Europe Property Fund III for 425.6 million euros, it said on Friday.

The 31,500-square-metres Le Madeleine building on Boulevard de la Madeleine will be managed by AXA Real Estate, the fund, the world’s biggest sovereign wealth fund, said in a statement. (Reporting by Balazs Koranyi)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below