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Prologis, Norway's SWF to buy KTR assets for US$5.9b

Acquisition set to expand Prologis's position in key US markets


PROLOGIS Inc, the world's largest owner of industrial real estate, and Norway's US$890 billion sovereign wealth fund (SWF) agreed to buy KTR Capital Partners for US$5.9 billion to expand in key US markets.

The purchase will be made by Prologis US Logistics Venture, a