Norges Bank Investment Management and its European logistics joint venture partner Prologis have acquired a property in the Netherlands.

Norges Bank Investment Management and its European logistics joint venture partner Prologis have acquired a property in the Netherlands.

The agreement was signed and completed 1 October 2014. Norges Bank Investment Management paid €12.4 mln for its 50% stake. The transaction did not include any debt financing.

The property has a total leasable area in excess of 42,000 m2. The building is located in Born in the Netherlands. Prologis will perform the asset management of the property.