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.
