PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Norway Fund to focus European RE investment on UK due transparency
Norway's giant Government Pension Fund, despite having made spectacular losses on investments in 2008, will hold to its target of allocating 5% of assets to real estate in Europe and will focus on the UK, its chief investment officer says. Given its size at the end of 2008, this implies a total property allocation of around e13bn. Yngve Slyngstad, CEO of the Norwegian central bank's Norges Bank Investment Management, told PFE that the change in portfolio allocation is now confirmed and will go ahead as planned.