YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Norway's $2 trillion sovereign wealth fund is investing $543 million in a New York City office building.
The investment will give the fund managed by Norges Bank Investment Management a 95% stake in the Manhattan building known as Sixth Avenue.
The deal is a joint venture with real estate investment firm Beacon Capital Partners. A Beacon subsidiary will take a 5% stake in the building and oversee asset management for the property.
Read more from CNBC.
This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.
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