Government Pension Fund Global, managed by Norges Bank Investment Management agreed to acquire a 50% stake in Portfolio of 14 logistics properties in the UK from Prologis, Inc. (NYSE:PLD) and CBRE Investment Management for approximately £220 million on November 29, 2021. Prologis will own the remaining 50% stake and will perform the asset management on the portfolio on behalf of the joint venture.

Government Pension Fund Global, managed by Norges Bank Investment Management completed the acquisition of a 50% stake in Portfolio of 14 logistics properties in the UK from Prologis, Inc. (NYSE:PLD) and CBRE Investment Management on December 3, 2021.