Norway's $287 bn (EUR 217 bn) global pension fund may invest as much as 15% of its assets in property and leveraged buyout funds in a major move to boost returns, Knut Kjaer, head of the fund, said in an interview with website PropertyInvesting.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
