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Norway sovereign fund sops up US real estate

Second only to Canada in amount spent, it has blown US$3.2b this year

Thu, Sep 25, 2014 - 12:00 AM

[SEATTLE] Norway has vaulted to the top ranks of foreign buyers of US commercial real estate, with its US$870 billion sovereign-wealth fund, the world's largest, acquiring buildings from New York to San Francisco.

The country has spent more than US$3.2 billion on US real estate this year...

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