Norges Bank and TH Real Estate sell Manhattan office for $244m
Norges Bank Real Estate Management with its partner TH Real Estate has sold the property located at 470 Park Avenue South in New York.
The sales price was $245 million.
The buyer of the 301,178-square-foot office is a partnership between SJP Properties and PGIM Real Estate.
NBREM will receive $122 million for its 49.9 percent ownership interest.