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Norway’s sovereign wealth fund bets $500 million on US grocery-anchored retail

Investment with Asana Partners underscores rising global demand for neighborhood shopping centers
Asana Partners' most recent deal was the $20.5 million acquisition last month of the Smart & Final-anchored Crown Valley Center in Laguna Niguel, California. (CoStar)
Asana Partners' most recent deal was the $20.5 million acquisition last month of the Smart & Final-anchored Crown Valley Center in Laguna Niguel, California. (CoStar)

Norway’s sovereign wealth fund is making a $500 million bet on U.S. neighborhood shopping centers, backing grocery-anchored retail and other open-air properties that continue to outperform much of the retail sector.

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