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Norway's sovereign wealth fund takes stake in Berlin property

Fri, 20th May 2022 08:11

OSLO, May 20 (Reuters) - Norway's $1.2 trillion sovereign wealth fund said on Friday it has agreed to buy a 50% stake in the Sony Center property in Berlin for 677 million euros ($715.8 million) from Oxford Properties and Madison International Realty.

Oxford will retain a 50% stake in the property, which in total contains 113,000 square metres of office, retail and residential space. ($1 = 0.9458 euros) (Reporting by Terje Solsvik, editing by Gwladys Fouche)

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