Norwegian SWF invested $1.9 billion in unlisted real estate in 2017

norges-bank2
Norges Bank

The Norwegian Government Pension Fund Global invested $1.9 billion in unlisted real estate globally in 2017, and the sector offered a return of 7.5% over the year, the fund said today (March 13).

The world’s largest sovereign wealth fund has assets amounting to more than $1 trillion, and its unlisted real estate investments reached $28 billion or 2.6% of total assets last year.

In 2017, Norges Bank Investment Management, the branch of Norway’s central bank in charge of GPFG, carried out the

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