March 5, 2020 / 8:28 AM / a month ago

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

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, 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)

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