05.11.2010 - Norway's Pension Fund Global Fund makes first foray into real estate
From IPE: Norges Bank has made its first real estate investment for the Norwegian Government Pension Fund Global, acquiring a 25% stake in The Crown Estate's Regent Street portfolio in London. The NOK2.8trn (342bn) sovereign wealth fund confirmed it would invest in the asset class, for the first time in its history, in March 2010, and that the 448m (509m) deal would be its first step toward reaching its 5% allocation target..............................................Full Article: Source
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