PLD Prologis

  By Dominic Chopping 
 

Norges Bank Investment Management, the arm of Norway's central bank that manages the country's $1.3 trillion oil fund, said Tuesday that it has bought a 50% stake in a logistics property in Daventry, U.K. for 27.1 million pounds ($37.9 million).

Norges Bank Investment Management said it bought the stake from Prologis Inc., who will retain the remaining 50% interest and will perform the asset management of the property.

The property has a leasable area of 40,423 square meters.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

April 20, 2021 04:49 ET (08:49 GMT)

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