Norway wealth fund, Prologis in $2 bln real estate acquisition

Norway's sovereign wealth fund and property investment group Prologis Inc. have agreed to jointly buy a $1.99 billion logistics real estate portfolio, Norges Bank Investment Management said in a statement.

"The portfolio consists of 127 properties located across multiple U.S. markets, including Southern California, San Francisco Bay Area, Seattle, and Dallas," it added.

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