01.09.2016 - Norway's sovereign wealth fund just invested half a billion in San Francisco real estate, as part of its massive surge in North America
Norway's sovereign wealth fund just invested $453 million in a 44% stake in two office properties in San Francisco, owned by Kilroy Realty Corporation, which retains a majority stake of 56%, Reuters reports. This is the fund's latest in a surge of real estate investments in North America. Since the fund was given mandate to invest in real estate outside of Europe in 2013, 431 investments have been made in North America, totalling NOK 88,6 billion, or $10 billion...............................................Full Article: Source
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