December 17, 2015 / 1:51 PM / 2 years ago

Norway's wealth fund has spent $23.7 bln in property in 2015

OSLO, Dec 17 (Reuters) - Norway's $845-billion sovereign wealth fund, the world's largest, has invested 208 billion crowns ($23.73 billion) in real estate in 2015, the fund said on Friday in presentation material.

The fund has a mandate to invest up to 5 percent of its value in real estate. ($1 = 8.7644 Norwegian crowns) (Reporting by Camilla Knudsen, writing by Gwladys Fouche, editing by Terje Solsvik)

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