October 14, 2014 / 8:22 AM / 5 years ago

Norway's wealth fund buys Munich office buildings

OSLO, Oct 14 (Reuters) - Norway’s $840-billion sovereign wealth fund purchased a 94.9 percent stake in several firms that own two office buildings in Munich’s Lenbach Gärten quarter, the fund said on Tuesday.

The fund purchased the stakes from AM Alpha GmbH for a total consideration of 176.1 million euro, including 75 million euro of third-party debt, it said in a statement.

The buildings have 29,000 square meters of total leasable area and are primarily leased to McKinsey & Company Inc. and Condé Nast Verlag GmbH. (Reporting by Balazs Koranyi, editing by Gwladys Fouche)

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