06.06.2013 - Norway fund buys UK industrial space
Norway's oil fund has purchased a 250m portfolio of suburban warehouses in the U.K. as it moves forward with plans to increase its property assets. The Norwegian Pension Fund Global, the world's largest sovereign wealth fund, has agreed to buy 11 warehouses used as distribution centers for retailers such as Tesco, Primark and the Co-op, according to the Financial Times. The warehouses were purchased from LondonMetric, a property group merged between London & Stamford and Metric Property Investments. The industrial space has a total floor area of 2.4 million square feet...............................................Full Article: Source
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