Norges Bank Investment Management Enters JV Partnership with Prologis to Purchase U.S. Industrial Real Estate Portfolio

Norges Bank Investment Management has entered into a joint venture agreement with Prologis to purchase a 45 percent interest in a 12.8 million square foot (1.2 million square meter) portfolio of industrial and logistics properties in the United States. The fund will acquire its 45 percent interest in the assets for $450 million, valuing the […]