Fund disposes logistics properties

The joint venture between Norges Bank Investment Management and Prologis has sold two logistics properties located in Kenosha, Wisconsin.

The agreement was signed on 2 June 2020 and completed on 30 June 2020.

Norges Bank Investment Management received 79.2 million US dollars for its 45 percent ownership interest. The properties were acquired in May 2015 as part of a larger portfolio across the US.

The buyer of the properties is KKR.

The properties have a total leasable area of 1.5 million square feet.

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