NEWS

Reuters: Norway wealth fund, Prologis in $2 bln real estate acquisition


< Back to all news

Reuters: Norway wealth fund, Prologis in $2 bln real estate acquisition

Business

Category: Business and Investment News

OSLO, Nov 25 (Reuters) – Norway’s sovereign wealth fund and property investment group Prologis Inc have agreed to jointly buy a $1.99 billion logistics real estate portfolio, Norges Bank Investment Management (NBIM) said in a statement.

“The portfolio consists of 127 properties located across multiple U.S. markets, including Southern California, San Francisco Bay Area, Seattle and Dallas,” it added.

Read entire article HERE.

Source: Reuters