Norway's parliament is to debate proposals next week to create a separate real estate allocation for the country's massive government pension fund. If, as seems likely, the proposals are accepted, Norway's central bank will draw up a mandate to enable the EUR 250bn fund to divert 5% of its investments to global real estate and infrastructure. The move is seen as a way of diversifying risk, and mirrors pension funds in the US and the Netherlands who traditionally have large real estate investments.
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