NBIM Sold Interests in Kenosha Logistics to KKR

Posted on 07/22/2020

KKR, for its core plus real estate fund, acquired two logistics properties located in Kenosha, Wisconsin in June from a joint venture of Prologis and Norges Bank Investment Management (NBIM). NBIM is the manager of Norway Government Pension Fund Global. NBIM had received US$ 79.2 million for its 45% ownership interest in the assets. The deal was completed on June 30, 2020.

NBIM acquired the properties in May 2015 that was part of a larger portfolio across the U.S.

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