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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Norwegian fund to buy real estate stake from Prologis

Posted on 21 December 2012

Norway’s sovereign wealth fund has agreed to buy a 50 percent stake in a portfolio of European warehouses for 1.2 billion euros ($1.6 billion) from U.S.-based Prologis as it ramps up its still-small property investments.
The deal announced on Thursday for a stake in 195 properties spread across 11 European countries represents the first steps of what could be large global investments of real estate by the $685 billion Norwegian wealth fund, which has been built up from surplus oil and gas revenue………………………………………..Full Article: Source


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