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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