The National oil fund has decided to buy shares worth 45 percent of three high-rise buildings in New York and Boston. The price tag is NOK 9,5 billion. The oil fund has invested in a building on 601 Lexington Avenue in New York, Atlantic Wharf Office Building and Federal Street in Boston, DN reports.
The Oil Fund, also known as Norges Bank Investment Management, also bought property shares in New York last year through the American realtor Boston Properties.
"We are excited to expand out important partnership with the the Bank of Norway's Investment Management," says CEO of Boston Properties, Owen D. Thomas.
This summer, the head of the Oil Fund, Yngve Slyngstad, announced that the fund will invest NOK 1 billion in real estate per week for the next three years.
(NTB/Aftenposten/DN. Photo by Luigi Novi)