Norway wealth fund buys stakes in 7 logistics properties

Norway's $1.1 trillion sovereign wealth fund, the world's largest, has bought seven logistics properties in the United States, Spain and the Netherlands together with its partner Prologis, the fund's manager said on Thursday.

Three of the buildings are located in Orange County, California, two are in Barcelona, one in Madrid and one in Tilburg, Norges Bank Investment Management said, adding it would pay $124.7 million for its stakes.