Norway’s finance ministry is proposing an increase in the upper limit for investments in real estate by the country’s sovereign wealth fund to 7% from 5%.
That would translate into an extra $17bn that would be available to be invested in property. A request to expand the fund’s remit to investing in infrastructure projects was rejected.
The ministry cautioned, however, that the fund must aim for a lower proportion of unlisted real estate than 7% to avoid exceeding the limit. The fund’s real estate assets will also be separated from its other investments.
