The fund earlier this year announced that it would scale back its real estate push as a way of cutting costs and simplifying its approach after struggling to find properties to buy amid near record prices.
But Slyngstad said that as long as real estate can deliver a real return above 3 percent it will continue to be an “important investment area.”
“We have found that its comfortable to operate with 8 cities,” he said. “In Berlin and Tokyo we would like to see more assets over time.”
This article was provided by Bloomberg News.