It purchased stakes on Oxford Street and Princes Street in May, and bought London developments from Great Portland Estates and Aberdeen Asset Management last year after the Brexit vote. Norway 's $1tn Government Pension Fund has stunned experts by advising its government to concentrate all debt holdings on the dollar, euro and sterling, cutting out the likes of Soho , Norway and Japan . The fund has also ramped up its acquisitions of Japan property, most recently with the £112m ( $145m ) purchase of Air Street in Soho . While the fund has not revealed its exact reasons for choosing the 20 Western currencies, it is thought Japan 's growing economy and fears of a crisis in the government bond market prompted the move.
Norway 's $1tn Government Pension Fund has stunned experts by advising its government to concentrate all debt holdings on the dollar, euro and sterling, cutting out the likes of Soho , Norway and Japan . The fund has also ramped up its acquisitions of Japan property, most recently with the £112m ( $145m ) purchase of Air Street in Soho . While the fund has not revealed its exact reasons for choosing the 20 Western currencies, it is thought Japan 's growing economy and fears of a crisis in the government bond market prompted the move.