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Norges Bank Investment, AXA France selling office property in Paris

Norges Bank Investment Management and AXA France agreed to sell the Prelude office property on 27 avenue du Général Leclerc in Boulogne-Billancourt outside Paris to Fidelity International Real Estate Fund.

Norges Bank said it will receive €49 million for its 50% ownership interest in the 8,368-square-meter asset. The partnership acquired the asset in 2011.

The transaction is expected to close in the fourth quarter.