25.10.2016 - Norwegian sovereign fund boosts exposure to CEE logistics
Norway’s sovereign wealth fund has further grown its logistics holdings after acquiring stakes in a €110m portfolio owned by Prologis. The Government Pension Fund Global bought a 50%, €55.3m stake in an eight-strong portfolio spread across three cities in Poland, the Czech Republic and Hungary from Pologis, while also selling three properties in France previously acquired through its joint venture with the real estate developer. Norges Bank Real Estate Management, the property arm of the NOK7.1trn (€788bn) oil fund, said the acquisition of the eight Central and Eastern European properties did not include debt financing.........................................Full Article: Source
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