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Norges Bank and TH Real Estate sell Manhattan office for $244m
Transactions - DECEMBER 13, 2018

Norges Bank and TH Real Estate sell Manhattan office for $244m

by Andrea Zander

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.

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