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.


events
1 week 4 days from now - Ulaanbaatar
1 week 6 days from now - New York
2 weeks 57 min from now - San Francisco
2 weeks 6 days from now - Los Angeles
listingsdirectory
Edelman
Thu, 18/08/2016 - 10:14
Eden Rock Capital Management
Wed, 15/06/2016 - 17:30
UBS Global Asset Management
Fri, 06/05/2016 - 14:19
training
Wed, 21/09/2016   - London
Wed, 28/09/2016   - London
Thu, 29/09/2016   - London
specialreports
other gfm publications