| Norway’s sovereign wealth fund has opened an office in Tokyo as it continues to expand its real estate portfolio. The three-person office was opened in the Japanese capital yesterday (October 8) by the $850 billion Norway Government Pension Fund—Global. It is the fund’s third office in Asia, after Singapore and Shanghai, China.
Karsten Kallevig, CIO for real estate at Norges Bank Investment Management, which runs the fund, said the fund had selected Tokyo and Singapore as the two main locations for its expansion in Asia. “Tokyo is a market that fits well with the rest of our portfolio,” he added...............................................Full Article: Source
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