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Norway sovereign wealth fund makes $1.07 billion US real estate transaction

Published by Global Banking & Finance Review

Posted on January 3, 2025

1 min read

· Last updated: January 27, 2026

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Norway's Wealth Fund Secures $1.07B US Real Estate Stake

COPENHAGEN (Reuters) -Norway's sovereign wealth fund said on Friday it had acquired a 45% stake in a portfolio of logistics properties in the United States from the Canada Pension Plan Investment Board in a new joint venture with Goodman Group for $1.07 billion.

Norges Bank Investment Management (NBIM), the world's largest sovereign wealth fund, said it valued the portfolio at $3.27 billion, which is encumbered by $888 million of existing debt.

Goodman already owned 55% of the portfolio ahead of the deal and will retain its ownership share.

The transaction comprised 48 buildings in Southern California, New Jersey, and Pennsylvania, the Norwegian fund said.

(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)

Key Takeaways

  • Norway's sovereign wealth fund acquires 45% stake in US logistics properties.
  • The deal is valued at $1.07 billion in partnership with Goodman Group.
  • The portfolio is valued at $3.27 billion with $888 million debt.
  • Goodman retains 55% ownership of the portfolio.
  • The transaction includes 48 buildings in key US locations.

Frequently Asked Questions

What is the main topic?
The main topic is Norway's sovereign wealth fund acquiring a 45% stake in US logistics properties for $1.07 billion.
Who are the parties involved in the transaction?
The parties involved are Norway's sovereign wealth fund, Goodman Group, and the Canada Pension Plan Investment Board.
What is the value of the portfolio?
The portfolio is valued at $3.27 billion, with $888 million of existing debt.

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