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.
"Some media have created the impression that the fund's real estate investments are being closed down. We would like to emphasize that real estate will continue to be an important part of the bank's investment strategy for the GPFG (Government Pension Fund Global), and the fund will be a major player in the real estate markets in the years to come," Egil Matsen, Deputy Governor of Norges Bank, says in the press release.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for AMWatch has now started
With your free trial you get:
Full access to all locked articles on AMWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.