Norway's oil fund calms investors: We will still be a major player in real estate
Norway's oil fund has moved to tone down the effect of a change in its real estate strategy. The newly-outlined plan lowers the target of real estate allocation from seven percent to 3-5 percent
BY HELLA ANDERSEN
A new real estate strategy for Norway's oil fund announced last week has created some upheaval and uncertainty in the real estate industry. In an attempt to calm down investors, Norges Bank Investment Management (NBIM) released a statement stressing that the fund will continue to be a major player in real estate.
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