Norway to invest in US office buildings

[SEATTLE] Norway's sovereign-wealth fund, the world's largest, agreed to buy stakes in three prime US office buildings for about US$1.5 billion, extending a real estate shopping spree as it seeks higher-yielding assets.

Affiliates of Norges Bank Investment Management, which manages the Norwegian government's global pension fund, is acquiring 45 per cent interests in the buildings from Boston Properties Inc, the seller said on Tuesday in a statement. The properties are 601 Lexington Ave…