Norway’s Oil Fund Acquires Interest in Back Bay Office Property Where WeWork Recently Leased Two Floors

Norges Bank deal values 501 Boylston St. at $583 million.
Norges Bank Real Estate Management has acquired a 49.9 percent interest in a mixed-use office and retail property at 501 Boylston St. in Boston.

Norges Bank manages Norway’s $1 trillion Government Pension Fund Global, also known at the Oil Fund.

Norges Bank paid $290.9 million for its ownership interest in the 610,000-square-foot building, valuing the property at $582.9 million, or about…

Article From: "Key Realty Commercial Real Estate News"   Read full article