World's biggest sovereign fund enters Asian property market
Norway's wealth fund picked Tokyo for its first real estate investments in Asia
Oslo - Muslimchronicle
Norway's sovereign wealth fund, the world's biggest at more than $1 trillion, has made its first investment in the Asian real estate market, the Norwegian central bank said on Thursday.
The fund, which has already invested in property in Europe and North America, paid 92.75 billion yen ($887.5 million) for a 70 percent stake in five commercial buildings in Tokyo.
"This is the fund's first real estate investment in Asia and is in line with our strategy to build a high-quality, global portfolio," Karsten Kallevig, the head of the fund's real estate management, said in a statement.
The remaining 30 percent were acquired by Tokyu Land Corporation.
Real estate accounts for 2.5 percent of the fund's overall investments.
Intended to finance Norway's welfare state when the country's oil wells one day run dry, the fund mainly invests in stocks (65.9 percent of the portfolio) and bonds (31.6 percent).
- Monday ,06 November GMT 00:12 2017 Value added tax to increase cost of real estate investors, says report
GMT 12:56 2018 Friday ,05 January
London house prices in first annual fall since 2009GMT 10:30 2018 Thursday ,04 January
SPNB Wants To Build 15,000 Affordable Homes NationwideGMT 11:42 2017 Tuesday ,19 December
German real estate giant to swallow rival in $6bn dealGMT 15:45 2017 Thursday ,07 December
US private sector hiring slows in NovemberGMT 11:36 2017 Wednesday ,06 December
Sahalah FM Brings 360 Building Services to The KingdomGMT 13:18 2017 Tuesday ,28 November
US new home sales rise to 10-year highGMT 08:05 2017 Monday ,13 November
Southern housing plans discussedGMT 00:12 2017 Monday ,06 November
Value added tax to increase cost of real estate investors, says report
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
GMT 01:18 2012 Friday ,14 September
Al-Qaeda flags in Cairo
GMT 10:40 2017 Saturday ,16 December
Erdogan opens Turkey’s first driverless metro line
GMT 09:18 2017 Thursday ,22 June
Shatha Hassoun happy for visiting holy places
GMT 16:16 2017 Thursday ,10 August
ISIS launched consecutive attacks targeting regime forces
GMT 14:03 2017 Sunday ,16 April
Jay Pharoah discusses rocky relationship with ‘SNL’
GMT 08:20 2017 Tuesday ,11 July
Retaking Mosul a 'critical milestone' in anti-IS fight: US jm/ec
GMT 23:27 2017 Wednesday ,30 August
US-led coalition strikes to block ISIS evacuees from Lebanon border
GMT 23:50 2016 Thursday ,08 December
UAE is helping the Arab world read more books
GMT 10:22 2017 Thursday ,17 August
Mali ex-jihadist liable for 2.7 mn euros for Timbuktu destruction
GMT 07:06 2018 Wednesday ,17 January
Minorities in north Iraq look to post-jihadist future
GMT 09:10 2017 Friday ,28 July
Berlin pressures automakers as scandals pile up
GMT 13:31 2017 Friday ,17 November
Three shot dead in Kenya protest
GMT 07:37 2017 Tuesday ,20 June
Lord Heseltine: Tory voters dying off at a rate of 2% a year
GMT 21:42 2014 Friday ,11 April
Turned to sand paintings so beautiful!!
GMT 22:53 2017 Monday ,23 October
Oil prices rise on tightening supply, strong demand
GMT 16:48 2017 Thursday ,14 December
Bahrain Bourse daily trading performance
GMT 21:34 2017 Tuesday ,24 October
Petroleum Development Oman helps Omani graduates to work
GMT 12:01 2013 Wednesday ,04 December
Katherine Jackson seeks retrial over pop icon\'s deathGMT 19:08 2012 Sunday ,29 April
Halima Poland\'s first baby girl arrives earlyGMT 18:42 2012 Monday ,26 November
CBS calls Hagman \'master showman\'
GMT 13:36 2017 Sunday ,15 January
Thomas takes huge lead into final round of PGA Sony Open
GMT 16:12 2017 Sunday ,09 July
Egypt's Sisi reaffirms constant support for Palestinian cause
GMT 13:16 2017 Monday ,23 January
Alif School introduces ‘Lingo Dramatics’ in its curriculum
GMT 11:30 2017 Wednesday ,18 October
Secret files show US knew about Indonesia purges of 1960s
GMT 06:33 2017 Thursday ,02 March
Mazda Qatar launches new-look website
GMT 18:37 2016 Saturday ,28 May
German biologists' study shows new model of T cell activation
GMT 01:46 2016 Friday ,28 October
French Senate president to visit Egypt Nov 6
GMT 11:45 2017 Friday ,21 April
Morrocan star Saad Lamjarred dedicates a video to his fans
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
