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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Norwegian oil fund’s first foray into Swiss real estate market

Posted on 30 November 2012

Norway’s $660 billion oil fund purchased its first property in Switzerland and hopes to conclude its first U.S. real estate deal next year as its ramps up investment, it said on Thursday.
The sovereign wealth fund, the world’s biggest, bought the Uetlihof office complex in Zurich for 1 billion Swiss francs ($1.07 billion) from Credit Suisse and also agreed on a 25-year lease with the building’s former owner………………………………………..Full Article: Source


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