Reuters logo
Norway's $900-bln wealth fund invested $2 bln in unlisted real estate in 2016
March 14, 2017 / 9:02 AM / 9 months ago

Norway's $900-bln wealth fund invested $2 bln in unlisted real estate in 2016

OSLO, March 14 (Reuters) - Norway’s $900-billion sovereign wealth fund, the world’s largest, invested 19.1 billion crowns ($2.22 billion) in unlisted real estate in 2016, mainly in the second half of the year, it said on Tuesday.

“We continue to invest in high-quality assets in a limited number of major cities,” Karsten Kallevig, CEO of the fund’s real estate investment unit, said in a statement.

At end-2016 investments in unlisted real estate had a market value of 191 billion crowns, equivalent to 2.5 percent of the fund’s overall value, it added.

$1 = 8.5911 Norwegian crowns Reporting by Gwladys Fouche, editing by Terje Solsvik

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below