| Norway’s $890 billion sovereign wealth fund plans to open an office in Tokyo as it prepares to enter Asia’s real estate market. The investor is in the process of building a team there and will open an office some time this year, fund spokeswoman Marthe Skaar said in an e-mail. She declined to provide further details.
After getting the green-light in 2010 to expand into the property market, the fund has bought real estate in prime locations such as Times Square and Champs Elysees. It now has a strategy to focus on 10 to 15 cities globally and has been eyeing opportunities in Asia for a few years. In March, the fund said it had narrowed its search in the region to Tokyo and Singapore...............................................Full Article: Source
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