World’s biggest sovereign fund enters Asian market

Norway’s sovereign wealth fund, the world’s biggest at more than $1 trillion, has made its first investment in the Asian real estate market, the Norwegian central bank said on Thursday.

The fund, which has already invested in property in Europe and North America, paid 92.75 billion yen ($887.5 million) for a 70 percent stake in five commercial buildings in Tokyo.

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By: Prothom Alo - Thursday, 7 December

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