12.10.2012 - Norwegian oil fund makes first foray into German real estate
Norway's giant Pension Fund has made its first ever allocation to Germany, acquiring a 784m portfolio of two buildings in a co-investment joint venture with Paris-based investment manager AXA Real Estate. Seller was Britain's Royal Bank of Scotland. The deal is being done by AXA Real Estate Investment Managers on behalf of AXA France insurance companies, and Norges Bank Investment Management, the arm of the Norwegian central bank which manages the 482bn national pension fund, also known as the Oil Fund and one of the world's the largest sovereign wealth funds...............................................Full Article: Source
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