From Scmp.com: Norway agreed to pay about £448 million (HK$5.61 billion) for 25 per cent of London’s Regent Street, the first real-estate investment by the oil-rich country’s sovereign wealth fund. The Norwegian Government Pension Fund Global will buy a share of 113 buildings on the West End street from Crown Estate, the British monarchy’s property manager.
In March, the US$520 billion fund was given government approval to invest as much as 5 per cent of its assets in real estate……………………………………….Full Article (Subscription Required): Source