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Sovereign Wealth Funds Briefing - Categorized | Investment

Norges acquires 50% stake in CEE logistics portfolio

Posted on 27 October 2016

Norway’s sovereign wealth fund has acquired a 50 percent interest in a logistics portfolio comprising eight buildings and developable land in Poland, the Czech Republic and Hungary, in a joint venture with Prologis. During the same period, three logistics properties in France have been sold.
The agreements for the new acquisitions were signed on 14 September 2016 and completed on 16 September and 19 September 2016. Norges Bank Real Estate Management paid €55.3 million for its 50 percent interest, valuing the portfolio of eight buildings at €110.5 million. The transactions did not include any debt financing…………………………………..Full Article: Source


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