Fund makes new investment in logistics

The partnership between Norges Bank Investment Management and Prologis has acquired a logistics property in Daventry, in the UK.

20 April 2021

The agreement was signed and completed on 12 March 2021.

Norges Bank Investment Management paid 27.1 million pounds for its 50 percent ownership interest. The property is unencumbered by debt, and no financing was involved in the transaction.

The seller of the property is Prologis. Prologis will own the remaining 50 percent interest and will perform the asset management on the property on behalf of the joint venture.

The property has a leasable area of 40,423 square meters.

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