In the fall of 2019, the management at Norwegian pension fund KLP agreed to increase its strategic asset allocation in real estate.
The allocation to real estate in the collective portfolio was changed from the old target of 13 percent to a new target of 15 percent. With NOK 600bn (EUR 61.8bn) in the portfolio, that meant that KLP could invest over NOK 12bn (EUR 1.24bn) in real estate to reach the new goal.
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