NORWAY - The Ministry of Finance has appointed Partners Group as real estate consultants in preparation for the national pension fund's possible investment in the asset class.
An allocation to real estate, a first for the fund, was initially mooted by the ministry in the summer of 2007.
Norges Bank suggested the government separate out the asset class with effect from the beginning of 2008 and also permit an allocation to infrastructure, both in an unlisted basis.
The bank already manages NOK40-50bn in such investments for the fund, mainly through equity instruments.
The ministry received six tenders relating to this request. The contract would entail 40 days work, according to the original request.
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The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.