Norges Bank's New Partnership with Blackstone Heralds Expansion in US and Canadian Logistics

Norges Bank Investment Management (NBIM), a significant player in global real estate investment, has announced a strategic partnership with Blackstone to expand their logistics real estate portfolio. With an already substantial holding of 138 billion kroner in logistics properties across Europe and the US, this move signifies NBIM's intention to deepen its investments. The collaboration with Blackstone, renowned for its expertise and successful track record in real estate, is seen as a beneficial alliance to further NBIM’s reach in the logistics sector. The partnership will focus on investing in logistics warehouse properties in major population centers across the US and Canada, aiming to leverage the robust economic activity in these regions. NBIM's representatives expressed their excitement about enhancing their exposure and gaining market insights by joining forces with Blackstone, whose responsible investment ethos aligns well with NBIM's strategic objectives.