Norway's oil fund sells real estate worth USD 79m

Norges Bank Investment Management and Prologis have cashed in for USD 79m after selling two properties in the US.

Photo: Jens Dresling

Norges Bank Investment Management, which oversees the country's sovereign wealth fund, and San Francisco-headquartered real estate investment trust Prologis have decided to sell two jointly owned logistics properties in the US, a press statement shows.

The sales agreement was signed on June 2 and the transaction completed on June 30, 2020.

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