NBIM and Prologis JV Look to LondonMetric’s Distribution Network

LondonMetric Property Plc is a real estate investment trust (REIT) that was created from a merger between Metric Property Investments Plc and London & Stamford Property Plc. The UK-based REIT is in discussions to sell £275 million in distribution warehouses across England to the €2.4 billion joint venture managed by Prologis and backed by Norges Bank Investment Management (NBIM).

The warehouses are occupied by third-party logistic operators. The assets are held in a joint venture between LondonMetric Property and Green Park Investments, a Middle-Eastern group.

London & Stamford sold its jointly owned Meadowhall shopping centre to Norges Bank Investment Management in the Fall of 2012.

June 4, 2013 Update
LondonMetric Property Plc has agreed to sell a portfolio of logistic centers for a deal valued at £247.6 million. The purchased portfolio consists of 11 warehouse properties with 2.4 million square feet of aggregated space.



Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute


 
institutional investor investment mandates