Deals
Manhattan Church Brings in Norway Fund as Property Partner
- Tentative deal forms venture to control 11 office buildings
- Trinity Church holdings are in Hudson Square neighborhood
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Lower Manhattan’s Trinity Wall Street Episcopal Church reached an agreement in principle to bring in Norway’s sovereign wealth fund as a partner for 11 of its office buildings in the Hudson Square neighborhood.
The church’s governing body voted to proceed with the joint venture late Wednesday afternoon, Betsy Vorce, Trinity’s chief communications officer, said by telephone. She declined to disclose financial details, saying the deal still needs final review and documentation.