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Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 64.03 USD | +2.04% |
|
+4.95% | -8.98% |
| May. 09 | Jefferies Adjusts Price Target on Boston Properties to $74 From $78 | MT |
| May. 06 | Evercore ISI Adjusts Price Target on Boston Properties to $69 From $73, Keeps Outperform Rating | MT |
COPENHAGEN (Reuters) - Norway's sovereign wealth fund on Tuesday said it had agreed to buy a 45% stake in two properties in Boston in a joint venture with U.S. based real estate company BXP.
The wealth fund acquired its stake for an initial payment of $212.9 million, and has committed to a total project cost of $746.4 million, it said in a statement.
The two life sciences properties are currently under development, and the total capitalisation from the venture is projected to be $1,658.6 million upon completion, the Norwegian fund said.
(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)
| 1st Jan change | Capi. | |
|---|---|---|
| -8.98% | 9.86B | |
| -1.80% | 6.53B | |
| -8.59% | 5.03B | |
| -1.12% | 4.18B | |
| -12.50% | 4.04B | |
| +6.81% | 3.94B | |
| +19.68% | 3.43B | |
| -9.92% | 3.34B | |
| +0.60% | 3.11B | |
| +19.56% | 2.87B |
BOSTON PROPERTIES, INC. 
