The agreement was signed and completed on 13 December 2024.

Norges Bank Investment Management paid 166 million euro for its 49.5 percent ownership interest. The portfolio is unencumbered by debt, and no financing was involved in the transaction.

The seller of the portfolio is Prologis, which will own the remaining 50.5 percent interest and will perform the asset management on the portfolio on behalf of the joint venture.

The portfolio has a leasable area of 201,000 square meters.