Norges Bank Investment Management paid 35.1 million pounds for its 50 percent ownership interest. The property is unencumbered by debt, and no financing was involved in the transaction.
Prologis has acquired the remaining 50 percent interest and will perform the asset management on the property on behalf of the joint venture.
The seller of the property is RM Coleview 1 Ltd.
The property has a total leasable area of 20,519 square meters of logistics space.