NBIM and Prologis JV Acquire Spanish Logistics Portfolio

Posted on 09/03/2014

Norges Bank Investment Management (NBIM), the manager of Norway’s elephantine sovereign wealth fund, and San Francisco-based Prologis Inc, through their joint venture, acquired a portfolio of industrial real estate in Barcelona and Madrid. The 50:50 joint venture called Prologis European Logistics Partners Sarl (PELP) purchased the portfolio from Saba Parques Logísticos, a subsidiary of Spain-based […]