Fund disposes office property in Munich

Norges Bank Investment Management has signed an agreement to sell two office buildings in Sophienstrasse 26, Katharina-von-Bora-Strasse 1 and 3, Karlstrasse 23 and Luisenstrasse 14 in the Lenbach Gärten quarter in Munich.

20 December 2019

The agreement was signed on 19 December 2019, with completion expected in the first quarter of 2020.

Norges Bank Investment Management will receive 390 million euros for its 100 percent ownership interest. The property was acquired in 2014.

The buyers of the property are E.ON Pension Fund and RAG-Stiftung.

The property comprises two buildings with a total of 30,170 square metres of predominantly office space.

Press contacts:

Thomas Sevang, Head of Communications and External Relations, Norges Bank Investment Management
Tel: +47 926 01 756 / +47 24 07 32 76

Marthe Skaar, Manager Communications and External Relations, Norges Bank Investment Management
Tel: +47 926 17 663 / +47 24 07 35 61

E-mail: [email protected]