Norway fund's 3% in German alstria confirms faster real estate build
06 May 2013, 10:33 PM
Norwegian central bank Norges Bank, which manages the giant Government Pension Fund Global, has declared a stake of over 3% in German REIT alstria. The move supports calculations in Monday's Financial Times that the world’s largest sovereign wealth fund has accelerated property acquisitions 10-fold.
- Norway Pension pays ¤176m for majority in Munich offices
- Norges rejigs Norway Pension Fund real estate team
- Norges, Credit Agricole join Blackstone, Ivanhoé in French Gecina
- GIC earns £100m on Norges' £583m BAML London office buy
- Prologis, Norges top up logistics JV with £248m LondonMetric buy
- Norges, Axa are buyers of Prime Office's ¤164m Munich tower
- Sovereign wealth could reach 20% in real estate - AXA's Vaquier
- Aviva wins ¤148m pbb, Unicredit refinancing for CEE
- BNP Paribas said mulling Klépierre sale to Norway Pension
- Hamburg’s HIH buys German CRE portfolio for ¤300m
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