Norway wealth fund buys $743 mln stake in Tokyo office complex

Mitsubishi Estate

05/03/2020 08:16

OSLO, March 5 (Reuters) - Norway's sovereign wealth fund
will buy a 39.9% stake in a part of Tokyo's Otemachi Park
Building office complex from Mitsubishi Estate  8802.T , the
fund said on Thursday.
    Norges Bank Investment Management will pay 79.7 billion yen 
($743.3 million) for the stake.
    Mitsubishi, which is a new joint venture partner for the
fund, will remain a majority owner and will manage the property.
($1 = 107.2200 yen)

 (Reporting by Terje Solsvik, editing by Gwladys Fouche)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))