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

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.