Business Immo, the real estate website

NORGES BANK INVESTMENT MANAGEMENT

Finance 02/02/2024

Norges Bank IM confronted by the polarisation of the property markets

When it presented its results for 2023 earlier this week, Norges Bank Investment Management reported that its global property exposure had returned 0% over (...)

Finance 03/01/2024

Finally the year of the new cycle?

"Central banks have a mandate to ensure price stability in the medium term, so they had no choice but to raise their interest rates", (...)

Office 20/12/2023

La Française REM and EDF make the acquisition of Paris 13th's Memphis official

It's now official. As revealed by Business Immo on 27 July, La Française Real Estate Managers (REM), on behalf of its SCPIs LF Grand (...)

Retail 19/12/2023

Champs-Élysées : luxury, records and envy

By the summer of 2022, the 150 Champs-Élysées building had already made headlines for a €650m deal. It was acquired from Groupama Immobilier by (...)

Office 27/07/2023

La Française REM and EDF acquire Paris 13th's Memphis building for €130m

Norges Bank Investment Management (NBIM) and AXA IM Alts have today signed an agreement for the sale of the Memphis building, located at 109-111 (...)

Office 11/07/2023

Paris 8th: an XXL signature at 54-56 Boétie

This is THE lease for the first half of 2023. At least in Paris' central business district. It concerns an asset acquired by Norges (...)

Retail 22/06/2023

What's behind Gecina's sale of 101 Champs-Élysées?

Shortly before 7pm on Tuesday evening, Gecina shook off its torpor in a hitherto ankylosed investment market, awaiting a repricing, by issuing a press (...)

Hospitality 13/09/2022

Groupama Immobilier is selling the 150 avenue des Champs-Élysées

The deal should make history. According to our information, Groupama Immobilier has sold 150 avenue des Champs-Élysées, in Paris' 8th arrondissement, a property complex (...)

Office 09/09/2022

Norges and Swiss Life AM buy Paris 8th’s 86 Haussmann for €217m

Through a joint investment vehicle, Swiss Life Asset Managers and Norges Bank Investment Management have signed the acquisition of 86 boulevard Haussmann, in the (...)

Finance 12/07/2022

“Although the current environment leads us to be careful, it can also be an opportunity”

Business Immo: How has Norges Bank Investment Management’s real estate investment activity evolved since the Covid-19 pandemic? Mie Holstad: I took on the role of (...)

Office 01/03/2021

La Défense: The Link is attracting the attention of investors

La Défense's The Link - Total's future headquarters - has entered a new phase. In mid-February, Paris La Défense and Groupama Immobilier signed the (...)

Retail 02/12/2020

BMO REP set to land its first asset trophy on Paris' Champs-Élysées

Yellow jackets, strikes, then a worldwide pandemic reducing the flow of international tourists like a sore thumb: one could not have predicted worse scenarios (...)

Finance 01/07/2020

“There are important economic reasons to adopt an environmentally conscious approach to investing”

Over the last 10 years, Norges Bank Investment Management, the investment manager of Norway's giant Pension Fund Global, has built an unlisted real estate (...)

Housing 11/10/2019

Spain's Neinor to invest €180m to build 600 homes in Catalonia by 2021

Spanish residential developer Neinor Homes is running 33 projects in the Catalan region, and aims to invest €180m more by 2021 to build 600 homes there, (...)

Retail 03/10/2019

France's Groupama hands over €613m Paris Champs Elysées mixed asset to Norway fund

French insurance investment manager Groupama Immobilier has handed over 79, Avenue des Champs Elysées in Paris to the Norwegian sovereign fund at a valuation (...)

Listed 28/08/2019

Former Norwegian sovereign fund executive Veber joins French REIT Gecina

Giant French REIT Gecina has appointed former Norwegian sovereign fund manager Romain Veber to a leading post in investment and development. Starting on 1 November, Veber will become a (...)

Finance 11/02/2019

Norway sovereign fund refutes withdrawal from RE investment

Norway's giant sovereign wealth fund said it will continue to be a major player in real estate markets despite an announcement on Thursday that (...)

Retail 18/12/2018

Norges pays €613m cash to add Paris Champs-Elysées Nike flagship

Norges Bank, manager of Norway's giant Pension Fund Global, has signed a €613m cash deal to acquire a retail/office property on Paris's prestigious Champs-Elysées (...)

Office 21/11/2018

Norway's Norges pays €416m for Sanofi Paris headquarters

Norges Bank, the investment manager for Norway's giant Pension Fund Global, has signed on a €415.5m acquisition of the Paris headquarters of global pharmaceutical firm (...)

Finance 28/02/2018

Norway's Pension Fund ends 2017 with 3.4% of €881bn AUM property exposure

Norway's Government Pension Fund Global held 2.6% of its €881bn assets in unlisted real estate at end-2017 which produced a return of 7.5% - (...)