BRIEF-Norway's oil fund, Prologis buy U.S. industrial property portfolio

April 19, 2015 8:39 PM

57 0

April 19 (Reuters) - * Norway's $880 billion sovereign wealth fund signed an agreement to acquire a 45 percent interest in a 60 million square feet industrial portfolio with additional development potential in a joint venture with Prologis.

* Norges Bank Investment Management will acquire its 45 percent interest for 2.3 billion dollars, valuing the portfolio at 5.9 billion dollars.

Also read: French Open organizers boost prize money by 12 percent

Read more

To category page