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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Market

Norway sovereign wealth fund buys 25pct of Regent St

Posted on 10 November 2010

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

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