| Norway's oil fund has purchased a GBP 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, is buying 11 warehouses to be used as distribution centres for retailers such as Tesco, Primark and the Co-op, according to the Financial Times.
The warehouses, which are being bought from LondonMetric - a property group merged between London & Stamford and Metric Property Investments - have a total floor area of 2.4 million square feet...............................................Full Article: Source
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