.
MergerLinks Header Logo

Announced

NBIM to acquire a 50% stake in Sony Center from Oxford Properties and Madison International for €677m.

Financials

Edit Data
Transaction Value£566m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

Friendly

Pending

Single Bidder

Germany

builidng

Private

Real Estate

Real Estate Holding and Development

Cross Border

Majority

Synopsis

Edit

Norges Bank Investment Management, a money management firm, agreed to acquire a 50% stake in Sony Center in Berlin from real estate investment firms Oxford Properties and Madison International for €677m. Oxford will retain a 50% interest in the property. “Today’s announcement further expands our relationship with NBIM, a highly strategic and like-minded partner, which shares our long-term conviction in Berlin. Furthermore, it demonstrates the belief in our investment thesis that sustainable and wellness-focused office buildings in prime locations, serviced by superb food and retail amenities, will continue to outperform," Abby Shapiro, Oxford Properties Senior Vice President & Head of Office, Retail and Life Sciences.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US