| Norway's USD860bn wealth fund, the world's biggest sovereign wealth fund, is beefing up efforts to enter Asia as part of its expansion into the property market around the world. Karsten Kallevig, who heads the real estate team for Norges Bank Investment Management, said that as the fund's push into Asia takes shape, the fund will narrow its focus to two cities.
The entry will be based on the same criteria it has used in Europe and the US, tapping cities with the best growth potential and where there are supply constraints, Kallevig said. The fund’s property portfolio now stands at USD10bn and that could grow to more than USD61bn by 2020, said Kallevig...............................................Full Article: Source
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