Fund makes new investments in logistics
25 April 2019
Acquisitions in the US
The agreement on the acquisition in Orange County was signed on 27 July 2018 and the transaction was completed on 4 January 2019.
Norges Bank Investment Management paid 55.6 million US dollars for its 45 percent ownership interest. The portfolio is unencumbered by debt, and no financing was involved in the transaction.
The sellers of the properties are Western Realco and Penwood Capital.
The portfolio has a total leasable area of 663,257 square feet.
Acquisitions in Spain
The agreement on the acquisitions in Barcelona and Madrid was signed on 25 January 2019 and the transaction was completed on 7 March 2019.
Norges Bank Investment Management paid 33.0 million euros for its 50 percent ownership interest. The properties are unencumbered by debt, and no financing was involved in the transaction.
The seller of the properties is Prologis.
The properties have a total leasable area of 74,579 square meters.
Acquisition in the Netherlands
The agreement on the acquisition in Tilburg was signed and completed on 9 April 2019.
Norges Bank Investment Management paid 36.1 million euros for its 50 percent ownership interest. The property is unencumbered by debt, and no financing was involved in the transaction.
The seller of the property is CBRE Global Investors.
The property has a leasable area of 82,700 square meters.
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Tel: +47 926 01 756 / +47 24 07 32 76
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Tel: + 47 926 17 663 / +47 24 07 35 61
E-mail: press@nbim.no