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    Home > Finance > Norway's sovereign wealth fund buys stakes in logistics properties
    Finance

    Norway's sovereign wealth fund buys stakes in logistics properties

    Published by Global Banking & Finance Review®

    Posted on December 16, 2024

    1 min read

    Last updated: January 27, 2026

    Image of Morrow Batteries' facility in Norway, where the first battery cell plant is located. This relates to the $134 million loan facility granted to enhance battery manufacturing in Norway.
    Battery production facility in Norway, showcasing Morrow's manufacturing - Global Banking & Finance Review
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    Quick Summary

    Norway's sovereign wealth fund acquires stakes in seven logistics properties across Europe, partnering with Prologis in a joint venture.

    Norway's Wealth Fund Invests in European Logistics Properties

    COPENHAGEN (Reuters) - Norway's sovereign wealth fund said on Monday it had acquired a portfolio of seven logistics properties across different European countries, which will be co-owned by its real estate partner Prologis.

    Norges Bank Investment Management (NBIM) paid 166 million euros ($174.17 million) for its 49.5% stake in the portfolio, it said in a statement.

    Prologis, the seller of the portfolio, will own the remaining 50.5% and will manage the assets on behalf of the joint venture, according to NBIM.

    The seven logistics properties are located in Germany, Italy, Spain and Britain, respectively, NBIM said.

    ($1 = 0.9531 euros)

    (Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)

    Key Takeaways

    • •Norway's sovereign wealth fund buys stakes in logistics properties.
    • •The investment is co-owned with Prologis.
    • •The portfolio includes seven properties in Europe.
    • •NBIM paid 166 million euros for a 49.5% stake.
    • •Prologis will manage the assets for the joint venture.

    Frequently Asked Questions about Norway's sovereign wealth fund buys stakes in logistics properties

    1What is the main topic?

    The article discusses Norway's sovereign wealth fund acquiring stakes in logistics properties across Europe in partnership with Prologis.

    2Who are the main parties involved?

    The main parties involved are Norway's sovereign wealth fund and Prologis.

    3What is the value of the investment?

    The investment is valued at 166 million euros for a 49.5% stake.

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