Category: Business 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
Category: Business 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
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
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: March 29, 2025
Category: Property / Real Estate
Prologis Inc., the world’s largest owner of industrial real estate, and Norway’s $890 billion sovereign wealth fund agreed to buy KTR Capital Partners for $5.9 billion to expand in key U.S. markets. KTR owns about 70 million square feet of real estate in 25 markets, concentrated in California, New Jersey, Chicago, South Florida and Texas, […]
Source: Bloomberg
Published: March 29, 2025