Data centers are one of the most hyped areas in the real estate industry, and the world's largest private real estate investors are competing to develop new data centers to support the AI boom.
But Alexander Knapp, head of the Norwegian Petroleum Fund's property management, says in an interview with Bloomberg that it is not something that will be an important part of the new three-year strategy.
"I just think that when things are moving really fast, you can either jump in or just watch the fish swim by. And I think we're happy to watch the fish for a while and see what happens," Knapp told Bloomberg.
