The agreement regarding the property in Paris was signed July 28th 2017 and is scheduled to close before year-end 2017.
 
Norges Bank Real Estate Management has agreed to pay EUR 462.2M for the property. No financing will be used in the acquisition and the asset will be held unencumbered by debt.
 
The sellers of the property are Tamweelview European Holdings SA and Tamweelview Listed Securities Holdings, wholly-owned subsidiaries of the Abu Dhabi Investment Authority.
 
The property comprises 24,500 square metres of office space.
 
Norges Bank Real Estate Management has also acquired the Axel Springer Neubau office building, located at the corner of Axel-Springer-Str. and Zimmerstr. in Berlin Mitte.
The agreement was signed on July 14th 2017.
 
Norges Bank Real Estate Management has agreed to pay EUR 425M upon completion of the building in a forward sale and leaseback transaction. The asset will be unencumbered by debt, and no financing was involved in the transaction.
 
The seller and future tenant of the property is Axel Springer SE.
 
The office property will comprise of 52,200 square metres and is due for completion in December 2019.