Prologis Forms $1B JV with Norges Bank in the U.S.

Source:  CoStar

Just weeks after closing a multi-million U.S. office joint venture, Oslo, Norway-based Norges Bank has formed a $1 billion joint venture in U.S. industrial properties with Prologis Inc. The two signed a definitive agreement to form Prologis U.S. Logistics Venture (USLV). Prologis' partner is Norges Bank Investment Management (NBIM), which is the manager of the Norwegian Government Pension Fund Global. USLV will be structured as a 55/45 venture...

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