Sign up for free newsletter

 

Handshake and money

Prologis and Norges Bank Investment Management close USD1bn joint venture in US


Prologis has closed Prologis US Logistics Venture (USLV), a USD1bn joint venture with Norges Bank Investment Management (NBIM), manager of the Norwegian Government Pension Fund Global.

The venture acquired a 12.8 million square foot stabilised portfolio comprising 66 logistics facilities formerly owned by Prologis.
 
"The extension of our partnership with Norges Bank speaks to our shared long-term investment perspective," says Eugene F Reilly, chief executive officer, Prologis Americas. "This venture underscores the strength of the US industrial market and the investment potential of our high-quality portfolio."
 
The venture may grow through acquiring strategic portfolios in target markets and, where appropriate, properties that complement the existing asset base.


listingsdirectory
UBS Global Asset Management
Fri, 06/05/2016 - 14:19
RFA (Richard Fleischman & Associates)
Tue, 05/04/2016 - 14:25
Calastone
Mon, 29/02/2016 - 15:20
training
Wed, 08/06/2016   - London
Mon, 13/06/2016   - London
specialreports
other gfm publications