The risk of the UK deciding to leave the European Union will not deter Norway’s sovereign wealth fund from investing in London’s property market.
London will be a global powerhouse as a financial city for many, many years, the fund’s chief executive for real estate, Karsten Kallevig, said.
Kallevig targets properties in 10-15 cities global, with Singapore and Tokyo added to the list last year. The fund is looking to make its first investment in Asian real estate either this year or next, although there is reason to be cautious, Kallevig says.
