SAN FRANCISCO-Prologis, Inc. has signed a definitive agreement to form Prologis U.S. Logistics Venture with the manager of the Norwegian Government Pension Fund Global.
The new entity (USLV) will be structured as a 55/45 venture with 55% owned by Prologis and 45% by Norges Bank Investment Management (NBIM).
“Following our joint venture in Europe earlier this year, we are pleased to extend our relationship with NBIM into the U.S.,” said James Green, managing director, global client relations, Prologis.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
