Fund makes new investment in logistics
9 October 2014
Norges Bank Investment Management has acquired a 50 percent interest in a logistics property in the Netherlands through its joint venture with Prologis.
The agreement was signed and completed 1 October 2014. Norges Bank Investment Management paid 12.4 million euro for its 50 percent stake. The transaction did not include any debt financing.
The property has a total leasable area in excess of 42,000 square meters. The building is located in Born in the Netherlands.
Prologis will perform the asset management of the property.