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
3 days 12 hours from now - Paris
1 week 12 hours from now - London
1 week 1 day from now - New York
1 week 1 day from now - London
2 weeks 2 days from now - New York
training
Sun, 19/03/2017   - London
Mon, 20/03/2017   - London
Tue, 21/03/2017   - London
listingsdirectory
IKONIC Fund Services Ltd.
Tue, 29/11/2016 - 11:28
Backstop Solutions Group
Tue, 08/11/2016 - 17:44
The Gemini Companies
Mon, 17/10/2016 - 11:51
specialreports
other gfm publications