1 of the world’s most significant sovereign-prosperity funds and its U.S. associate are shopping for a the vast majority stake in 53 suburban business buildings in a offer valuing the properties at $1.1 billion, a significant guess that remote do the job will improve need for workplaces shut to residential places.

Singapore’s GIC Pte. Ltd. is investing in the buildings alongside Workspace Home Rely on, a privately held business genuine-estate organization dependent in Boca Raton, Fla., according to a man or woman acquainted with the make a difference. The deal will just about double Workspace’s holdings to all over 18 million square feet. Several of the recently obtained buildings are clustered around Atlanta, Dallas and the San Francisco Bay Area.