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Norges Bank pays €677 million for 50% ownership interest in Sony Center

Oxford Properties Group announces the formation of a 50:50 joint venture with Norges Bank Investment Management (“NBIM”) at the iconic Sony Center in Berlin. NBIM will pay €677 million to acquire a 50% ownership interest in the Sony Center, valuing the property at €1,354 million. Oxford will sell 44.9% of…