NBIM Completes Logistic Portfolio Purchase from Prologis
Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, acquired a 50% stake in a logistics portfolio through their joint venture with Prologis. The seller was Prologis who owned 100% of the portfolio. The portfolio is comprised of eight properties located in the United Kingdom, Poland and France with a total volume of 2.8 million square feet.
Daventry, United Kingdom
Minworth, United Kingdom
Kettering, United Kingdom
NBIM paid 155 million EUR for the 50% stake. The deal did not have any debt financing. The deal was completed on May 12, 2015. Prologis will continue to perform the asset management of the portfolio on behalf of the joint venture.
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