Norway’s govt pension fund sells Paris property
Written by Theo Andrew
Norway’s Government Pension Fund has sold its 50 per cent share in an office property in Paris for €128m.
Meudon Campus, comprising of six properties, was purchased in partnership with AXA France and has been acquired by a fund managed by PGIM Real Estate.
Norges and AXA France bought the property in 2011, and the 45,000-square metre office block was part of a portfolio of seven properties around the French capital.
The agreement for the six property campus, located on 2-14 rue de la Verrerie in Meudon, was signed on 9 March 2018, and is expected to complete in May 2018.