From IPE: Norges Bank has made its first real estate investment for the Norwegian Government Pension Fund Global, acquiring a 25% stake in The Crown Estate’s Regent Street portfolio in London.
The NOK2.8trn (€342bn) sovereign wealth fund confirmed it would invest in the asset class, for the first time in its history, in March 2010, and that the £448m (€509m) deal would be its first step toward reaching its 5% allocation target……………………………………….Full Article: Source