COPENHAGEN, July 7 (Reuters) – Norway’s sovereign wealth fund, the world’s largest, said on Tuesday it signed a deal with retail real estate investment firm Asana Partners for a strategic partnership in which it will own a 49% stake. Norges Bank Investment Management (NBIM) said in a statement it has made an equity commitment of […]
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Norway wealth fund enters strategic partnership with Asana Partners in the US
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COPENHAGEN, July 7 (Reuters) – Norway’s sovereign wealth fund, the world’s largest, said on Tuesday it signed a deal with retail real estate investment firm Asana Partners for a strategic partnership in which it will own a 49% stake.
Norges Bank Investment Management (NBIM) said in a statement it has made an equity commitment of $500 million, and that the partnership will invest in open-air shopping centers and street retail across the U.S.
NBIM signed the deal on June 30, it added.
(Reporting by Louise Rasmussen, editing by Essi Lehto)