Norway wealth fund and AXA sell French office property

Norway's sovereign wealth fund and its partner AXA France have sold a jointly owned office building outside Paris to Fidelity International Real Estate Fund, the manager of the Norwegian fund said in a statement on Thursday. "Norges Bank Investment Management will receive 49 million euros ($54 million) for its 50 percent ownership interest," it added.

The property, which was acquired in 2011, consists of 8,368 square metres of office space. ($1 = 0.9063 euros)