Norway’s sovereign fund acquires its first Asian real estate

tokyo
Tokyo

Norway’s sovereign wealth fund has finalised today (December 7) its first real-estate investment in Asia. The fund has acquired interests in five properties in Tokyo.

The deal comes weeks after the manager of the fund, Norges Bank, recommended to the government the removal of equity investments in the oil and natural gas sector from its benchmark index.

The Government Pension Fund Global will pay ¥92.75 billion ($823.4 million) for a 70% interest in the properties in a joint venture with Japan

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: