Home » Business and Investment News » Archive by category "Property / Real Estate"

Scandinavians Take Drastic Steps to Get Into Booming Housing Market

Business

Category: Culture / Lifestyle

Joakim Bakka, a 29-year-old shop worker, was so desperate to get into Norway’s booming housing market that he was prepared to borrow money at 13 percent for a deposit to buy a home. It would have been risky but he felt he had no choice. Bakka, from the Norwegian city of Drammen, is not alone […]

Source: NY Times

Published: May 29, 2017


More

Trump’s Win Won’t Change Norway Wealth Fund’s U.S. Investments

Category: Business and Investment News

Norway’s $869-billion sovereign wealth fund, the world’s biggest, will not change its U.S. investment strategy following the election of Donald Trump as president, the head of Norway’s central bank, which manages the fund, told Reuters on Wednesday. “No, we don’t make that sort of connection. The oil fund is a long-term investor. Our perspective goes […]

Source: Reuters

Published: May 29, 2017


More

Norway Real Estate Sizzles as Oslo Gains Top 20% for First Time

Category: Business and Investment News

Norway’s house price rally accelerated with gains topping 20 percent for the first time in the capital Oslo, lending support to central bank concerns about rising risks in the market. Housing prices prices rose 12 percent nationwide and 21.7 percent in Oslo in October from a year earlier, according to monthly data from Real Estate […]

Source: Bloomberg

Published: May 29, 2017


More

DNB to Move North America Headquarters to NYC’s Hudson Yards

Business

Category: Accounting / Financial

Norway’s largest lender, DNB ASA, agreed to move its North American headquarters to the skyscraper being built at 30 Hudson Yards on Manhattan’s far west side, leaving the MetLife Building in Midtown. The Oslo-based bank will take the entire 68th floor in the 90-story tower, space that developer Related Cos. originally set aside for itself, […]

Source: Bloomberg

Published: May 29, 2017


More

Norway Wealth Fund Names CEO of Real Estate Group

Business

Category: Property / Real Estate

The world’s biggest wealth fund named Karsten Kallevig as chief executive officer of its real estate group. Kallevig has served as chief investments officer for the group. He joined as head of property investments in 2010 and has since built a 159 billion-krone ($18 billion) portfolio. The $840 billion fund in July created a specific […]

Source: Bloomberg

Published: December 17, 2015


More
Page 1 of 3123