07.07.2011 - Oil Fund set for global expansion
The Norwegian Government Pension Fund Global (Oil Fund) is continuing its property-shopping spree and has its eye set even further afield in the medium term. Yesterday saw the fund acquire a 50% stake in seven major properties in Paris. “The investment is in line with our strategy to initially invest in the biggest European property markets before expanding into other regions,” said Karsten Kallevig, Director of Norges Bank. “It also reflects our preference to form partnerships with investors that both own and operate properties.”.............................................Full Article: Source
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