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Data centers are notably absent from the shopping list for the world’s largest sovereign wealth fund as it unveils a new strategy following a period of disappointing real estate results.

Norges Bank Investment Management, Norway’s $2.1 trillion fund, is shaking up its property division as part of its next three-year strategy, published on Wednesday. However, data centers — one of the most hyped areas in real estate — won’t form a major part of the new approach, Alexander Knapp, head of global real estate, said in an interview with Bloomberg.

Currently, the fund has about 3.3% of its assets in real estate, with a roughly even split between public companies and unlisted exposure, Knapp said. NBIM plans to increase this share to “somewhere between 3.5% and 7%” of the fund’s value by the end of 2028, he added. An increase of one percentage point would equate to roughly $20 billion.