Norway’s Central Bank to Invest Sovereign Fund in UK and US Properties
Posted on 02/16/2009
Norway’s Government Pension Fund Global (GPFG) is on the lookout for core real estate in the United States and England, ideally office properties. Norges Bank Investment Management (NBIM) manages the oil wealth of Norway. Norges Bank Investment Management needs approval from the Norwegian government to begin real estate investing.
The sovereign wealth funds sees real estate prices are quite low and wants to invest as a minority shareholder in them.
Keywords: Norway Government Pension Fund Global.