PARIS-The Norwegian Government Pension Fund Global has agreed to purchase 50% stake in five properties in Paris for EUR 275 million from Generali Group. Norges Bank Investment Management and Generali have also agreed to make a joint venture.
The office and retail properties totaling approximately 415,486 square feet of space are located in 100 avenue des Champs Elysees, 3-5 boulevard Malesherbes, 11/13/15 rue Pasquier, 15-17 rue Scribe and 183-185 avenue Daumesnil. Generali will retain the remaining 50% stake in the properties. For the full story, go to Europe Real Estate .
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