Wed, Apr 23, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Fund Profile, Investment more

Norway’s SWF adds $340mln of property to portfolio

Posted on 06 July 2012

The Norwegian Government Pension Fund Global, Norway’s international sovereign wealth fund, today (July 5) agreed to purchase 50% stakes in five properties in Paris, France, for a total of €275 million ($340 million).
The purchases are part of an effort by the fund to diversify its portfolio, following a mandate from the Norwegian government to increase the share of assets devoted to real estate to 5%. A spokeswoman for the Norges Bank, which manages the fund through its investment arm, said that only 0.3% of the fund was invested in real estate at the end of 2011………………………………………..Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930