Norway Oil Fund in ¤2.4bn Prologis JV; targets $11bn at US property
07 January 2013, 03:56 AM
Norway has granted permission for its giant ¤508bn pension fund to invest in property outside Europe from this year. The news came days after the fund's manager, Norges Bank Investment Management, signed a ¤2.4bn joint venture with US-based Prologis to invest in European industrial property - and followed an announcement that it is also targeting $11bn at the US.
- German Annington said close to buying Vitus housing for ¤1.3bn
- US Fortress nearly withdrawn from German housing firm Gagfah
- European Zurich fund's first buy is Munich office at 6.6% yield
- Highstreet plans sale of 25 German Karstadt stores in 2013
- German IVG requests compensation from former management
- Skanska, Areim in JV to develop ¤224m Stockholm flats
- New Kungsleden CEO: GE portfolio buy ticks all boxes -
- German Union to launch property debt, repositioning funds
- Nordic manager NREP buys ¤110m retail in Denmark
- Orco shareholders in court action to block capital raise
For more Property Investor Europe news, click thru to our News archive.