Friday 15 December 2017 ,
Friday 15 December 2017 ,
Latest News
  • Myanmar violence killed 6,700 Rohingya in a month
  • 96 police officers promoted to SPs
  • IS threatens US attacks over Jerusalem decision: statement
  • No horns in capital’s VIP, residential areas at night: HC
  • Putin to run for re-election as an independent
8 December, 2017 00:00 00 AM
Print

World's biggest sovereign fund enters Asian property market

AFP

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

"This is the fund's first real estate investment in Asia and is in line with our strategy to build a high-quality, global portfolio," Karsten Kallevig, the head of the fund's real estate management, said in a statement. The remaining 30 percent were acquired by Tokyu Land Corporation. Real estate accounts for 2.5 per cent of the fund's overall investments.

Intended to finance Norway's welfare state when the country's oil wells one day run dry, the fund mainly invests in stocks (65.9 per cent of the portfolio) and bonds (31.6 per cent).

Comments

Poll
Today's Question »
AL General Secretary Obaidul Quader yesterday said that the govt hopes to bring back convicted war criminals from abroad. Do you think the govt will succeed?
 Yes
 No
 No Comment
Yes 50.0%
No 50.0%
No Comment 0.0%
Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
0102
03040506070809
10111213141516
17181920212223
24252627282930
31

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting