Finance News General News

Norges Bank Investment Management and Prologis acquire UK logistics property for over $70 million 


Norges Bank Investment Management, a Norwegian investment bank that also manages its Governments Pension Fund has taken over 50% of UK logistics property with an investment of £35.1 million. 

The rest of the 50% stake would be taken over by Prologis, a real estate investment trust. 

According to the agreement signed in July, the investment was completed at the end of August 2019.  

The property does not come with any debt and is located in Greenford. Prologis would manage the entire property on behalf of the bank.

The total carpet area of the property is over 20,000 square meters and was previously owned by RM Coleview.

About the author


Donna Fuscaldo

Donna is an expert in business, finance, stock market, startups, and entrepreneurship. She has 12 years of experience in the publishing industry and graduated with a Major in Journalism from Boston University. She is also the author of "Make My Startup Succeed" and "Finance Guru". She has worked as a freelance business report for 6 publications in the past. She loves cooking for her 3 kids during the weekends.




Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *