FUND MAKES NEW INVESTMENTS IN LOGISTICS
23 January 2019
The partnership between Norges Bank Real Estate Management and Prologis has acquired six logistics properties in Chicago, Nashville and Orlando.
The agreement was signed and completed on 21 December 2018.
Norges Bank Real Estate Management paid 87.7 million dollars for its 45 percent interest. The portfolio is unencumbered by debt, and no financing was involved in the transaction.
The sellers are ventures between Prologis and U.S. pension funds managed by J.P. Morgan Asset Management.
The properties have a total area of 2.8 million square feet.
Line Aaltvedt, Communications Manager
Tel: +47 948 54 656
Email: [email protected]