Europ’s largest pension, the Norwegian Government Pension Fund, is about to spend as much as (€30bn, $40bn) on global commercial property, including UK assets, in the latest sign that governments are emerging as leading global investors. The Norwegian Pension Fund, fuelled by sizeable revenues from oil reserves, has amassed a sum of E220bn but has previously been banned from investing in real estate. This is set to change as Norway’s finance ministry is due to revise this rule later this year.

The Business – Global Business News Online