Norway Oil Fund invests in real estate

The State Oil Fund of Norway is planning in the near future to invest in the real estate sector. This, in the Tuesday, November 2, said the head of the Central Bank of the country's Sven Gedrem. "The Fund will proceed to the acquisition of real estate in the near future", - said Gedrem. Most of these investments will come from America and Asia. In the portfolio of the Fund will add a lot of infrastructure. "The line between infrastructure facilities and the actual real estate barely distinguishable, so it is logical that some of the assets will be used to purchase objects that relate to the infrastructure," - said the head of the Central Bank of Norway. The government previously allowed to increase up to 5% of the amount of assets in the real estate sector. The total amount of the Fund's assets is estimated at $ 500 billion. Based on materials Reuters