Norges Bank Investment Management Invests in US Logistics Portfolio
Deal News | Jan 03, 2025 | Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM), a leading investment firm, has acquired a significant 45 percent interest in a logistics portfolio in the United States. This strategic acquisition involves a collaboration with the Goodman Group and includes 48 buildings located in key logistics hubs across Southern California, New Jersey, and Pennsylvania. This move reflects NBIM's strategy to enhance its real estate portfolio by investing in high-demand logistics assets situated in strategically crucial locations within the U.S. market. The partnership with Goodman Group, renowned for its expertise in logistics property management, is expected to optimize the value and operational efficiency of these assets.
Sectors
- Real Estate
- Logistics
Geography
- United States – The logistics portfolio acquired by NBIM is located in the U.S., specifically in Southern California, New Jersey, and Pennsylvania.
Industry
- Real Estate – The acquisition involves investment in a logistics real estate portfolio, highlighting the focus on expanding real estate holdings.
- Logistics – The investment targets logistics facilities, indicating an emphasis on assets within the logistics sector, which is crucial for supply chain management.
Financials
- 45% – NBIM acquired a 45 percent interest in the U.S. logistics portfolio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Norges Bank Investment Management | Investor | Company | A leading investment management firm responsible for managing the Norwegian Government Pension Fund Global. |
| Goodman Group | Partner | Company | A global industrial property group specializing in the development, ownership, and management of logistics and industrial facilities. |