July 3, 2017 / 8:07 AM / 22 days ago

Norway's sovereign wealth fund buys stake in Washington property for $74 million

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OSLO (Reuters) - Norway's sovereign wealth fund has acquired a 49-percent stake in an office and retail building in Washington D.C. for $74 million, in a joint venture with a new real estate partner, Oxford Properties Group, the fund said on Monday.

At the end of the first quarter the fund had invested 2.5 percent of its assets in unlisted real estate. It has properties in London, Paris and New York, among other cities.

Reporting by Gwladys Fouche, editing by Terje Solsvik

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