Norway sovereign wealth fund to focus on Singapore, Japan

Tokyo

NORWAY's Norges Bank Investment Management, the manager of the world's largest sovereign wealth fund, will target Tokyo's prime office buildings as it starts investing in Japan, said Karsten Kallevig, the fund's chief investment officer for real estate.

The fund, built on revenues from the country's oil and gas production, is planning to seek local partners to co-invest in Tokyo properties, Kallevig told Reuters in an interview on Thursday. He declined to disclose financial targets for the investments.