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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Norwegian Sovereign Wealth Fund Sets Eye on Asia Real Estate Market

Posted on 29 May 2014

Since the fund got the permission to enter the property market in 2010, it has performed well with a high return. The fund owns properties in Times Square and the Champs Elysees and is thinking to expand the investment globally.
To “reduce the probability of making really big mistakes,” Kallevig said to Bloomberg that the fund is looking to invest in Washington, San Francisco, New York and Boston. In Europe, it’s targeting London, Paris, Munich and Berlin, he said. No specific cities in Asia were mentioned. But its efforts to enter Asia are about to intensify, said Kallevig. The fund will pick two cities in Asia and the selection will use the same criteria as it has used in Europe and the US………………………………………..Full Article: Source


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