BOSTON, November 14, 2023 BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that it has entered into agreements to sell a 45% interest in two life sciences development properties located in Kendall Square in Cambridge, Massachusetts, to Norges Bank Investment Management at a gross valuation of approximately $1.66 billion or $2,050 per square foot. The properties – 290 Binney Street and 300 Binney Street – total
Norway's $1.3 trillion wealth fund, which has faced stiff competition buying renewables assets, believes its financial clout could give it an edge as economic clouds darken because it doesn't need external capital, a top executive told Reuters. The fund, the world's biggest, has been allowed since 2020 to make direct investments in renewable energy projects and has plans to invest some 100 billion Norwegian crowns ($10 billion) in doing so.
Norway s $1 4 Trillion Fund Flags More Unlisted Property Deals bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.