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OSLO, NORWAY-Norway’s Government Pension Fund Global is looking to invest $20.3 billion on real estate transactions in the second half of 2009. The fund, which is considered Europe’s largest, revealed plans last April to move 5% of its assets to real estate in order to diversify its holdings, according to an IPE.com report

The pension fund will likely invest most of the $20.3 billion in UK assets, although which property type it will focus on has not yet been revealed.

To read more of the IPE Real Estate story, click here.

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