Norway wealth fund snaps up UK property

Oslo

NORWAY'S US$875 billion sovereign wealth fund, the world's biggest, pounced on London's Oxford Street after UK voters decided to leave the European Union.

Just about two weeks after Britons unexpectedly voted to leave the EU at the end of June, the fund snapped up a retail and office property for £124 million (S$222.6 million) from the Aberdeen UK Property Fund.