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Norway giant makes first property move

Posted on 05 November 2010

From Pionline.com: Norway Government Pension Fund-Global, Oslo, made its first real estate investment, paying £448 million ($720 million) for a 25% stake in the U.K. Crown Estate’s Regent Street properties in London.
The 2.9 trillion Norwegian kroner ($498 billion) fund was given the green light on March 1 by the Norway Finance Ministry, which must approve the fund’s investment allocations, to make property investments. Until now, the fund could only invest in stocks and bonds……………………………………….Full Article: Source


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