By Guy Montague-Jones2019-02-15T00:00:00
Source: Shutterstock/Cedric Weber
Norwegian sovereign wealth fund to focus on ‘cost efficiency and investments that require limited resources’.
The fund is doing away with Norges Bank Real Estate Management, the business unit it set up to manage its unlisted property investments. It has also scrapped its upper limit of 7% exposure to unlisted property in favour of a new target allocation to real estate, both listed and unlisted, of 3% to 5%.
So does the change of approach mean that Norges will put the brakes on its UK property investment? And could other big global investors follow its lead?
You must be logged in to continue
Try Property Week For Free to finish this article.
Sign up now for the following benefits:
To access this article TRY FOR FREE NOW
Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud