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Norges Bank buys out CPP Investments’ interest in large US logistics portfolio

Investment manager in Norway pays $1.07 billion for stake in 14 million square feet of properties
Goodman Logistics Center Fullerton at 2001 E. Orangethorpe Ave. is a new four-building industrial logistics campus totaling over 1.5 million square feet in Fullerton, California. (Goodman Group)
Goodman Logistics Center Fullerton at 2001 E. Orangethorpe Ave. is a new four-building industrial logistics campus totaling over 1.5 million square feet in Fullerton, California. (Goodman Group)
CoStar News
January 3, 2025 | 9:55 P.M.

Norges Bank Investment Management, the overseer of revenue from Norway's oil and gas resources, has bought a 45% interest in a nearly 14 million-square-foot U.S. industrial portfolio, its second billion-dollar-plus investment in America in as many weeks.

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