BERLIN-AXA Real Estate Investment Managers and Norges Bank Investment Management (NBIM) have agreed to purchase two buildings in Berlin and Frankfurt for a combined EUR 784 million. They will take a 50% interest in each building.
The Royal Bank of Scotland is selling the 779,307-square-foot office and retail building in Berlin and the 878,335-square-foot office building in Frankfurt. AXA Real Estate and NBIM have signed the deal on behalf of AXA France Insurance Companies and the Norwegian Government Pension Fund Global, respectively. For the full story, go to Europe Real Estate .
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