<p>The State of Wisconsin Investment Board (SWIB) is increasing its target allocation for real estate from 7% to 8%, the US pension fund told IPE Real Estate.</p> <p>The new allocation will allow the pension fund to invest another $1bn (&euro;956.8m) in the asset class.</p> <p>The action was taken on the recommendation of investment consultant NEPC and was the final outcome of an asset allocation review.</p>