Norges Bank Investment Management (NBIM), responsible for the investments of the Government Pension Fund Global, has made a new investment in the logistics sector.
NBIM has made the investment in partnership with Prologis and has acquired seven logistics properties located in Germany, Italy, Spain, and the UK.
The agreement was signed and completed on 13 December 2024.
NBIM paid €166m for its 49.5 per cent ownership interest. The portfolio is unencumbered by debt, and no financing was involved in the transaction.
The seller of the portfolio is Prologis, which will own the remaining 50.5 per cent interest and will perform the asset management on the portfolio on behalf of the joint venture.
The portfolio has a leasable area of 201,000 square meters.
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