ProLogis forms joint venture with Norges Bank Investment Management Prologis announced the signing of a definitive agreement to form Prologis European Logistics Partners SÓrl, a euro-denominated joint venture. The venture will acquire a portfolio of high-quality distribution facilities wholly owned by Prologis in 11 target European global markets. Global. Prologis European Logistics Partners will be structured as a 50/50 joint venture with an equity commitment of $3.1B, which includes a $1.55B co-investment by both NBIM and Prologis. Upon closing, the venture will acquire a stabilized portfolio of 195 properties totaling approximately 49 million square feet; about 75% of the properties coming from the former ProLogis European Properties fund and the remaining 25% coming from other Prologis wholly owned assets.
News For PLD From The Last 14 Days
Check below for free stories on PLD the last two weeks.