Norway's Wealth Fund Pays $291M For Boston Building Stake
Law360 (August 22, 2018, 2:19 PM EDT) -- Norway's sovereign wealth fund Norges Bank Real Estate Management has bought a minority interest in a Boston office and retail property from TH Real Estate for $290.9 million, according to separate announcements from the companies on Wednesday.
The fund has bought a 49.9 percent stake in 501 Boylston St., which has 610,000 square feet of office and retail space. TH Real Estate will retain a 50.1 percent stake in the building and will continue as asset manager at the property.
"We are continuously rebalancing our portfolios and considering current market conditions," Sam Flood, regional head of New England and Midwest investments...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!