16.11.2010 - Norway fund makes its 1st real estate investment
From Pionline.com: Norway Government Pension Fund-Global, Oslo, made its first real estate investment, paying 448 million ($720 million) for a 25% stake in the U.K. Crown Estate's Regent Street properties in London. The 2.9 trillion Norwegian kroner ($498 billion) fund was given the green light on March 1 by the Norway Finance Ministry, which must approve the fund's investment allocations, to make property investments. Until now, the fund could invest only in stocks and bonds..............................................Full Article: Source
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