💰Norway’s Sovereign Fund Makes its First Japan Real Estate Investment.
Norway’s Government Pension Fund Global made its first private real estate investment in Japan and in effect Asia.
Norges Bank Real Estate Management, the real estate unit of Norges Bank Investment Management (NBIM), inked a deal to buy a 70 percent interest in five properties in Tokyo, Japan, in a joint venture with a new partner, Tokyu Land Corporation.
The seller of the properties is Veloqx Group.
Fund makes first real estate investment in Asia
https://www.nbim.no/en/transparency/news-list/2017/fund-makes-first-real-estate-investment-in-asia/