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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Norway’s oil fund snaps up GBP250mln portfolio of UK warehouses

Posted on 05 June 2013

The world’s largest sovereign wealth fund has snapped up a £250m portfolio of suburban warehouses in the UK in a deal that highlights big investors’ shift away from “trophy” property assets.
Norges Bank Investment Management, Norway’s $720bn oil wealth fund, confirmed on Tuesday that it had agreed to buy the 11 warehouses, which are used as distribution centres for retailers including Tesco, Primark and the Co-op………………………………………..Full Article: Source


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