Norway’s oil fund pays $450m for stake in US properties

Norway’s $800 billion (£489bn) oil fund, the world’s largest, has bought a 45% stake in US industrial properties for $450 million (£275m). The seller Prologis, a commercial property company based in the US, will retain a 55% share in the joint venture. The 66 properties are located in eight states and span over 12.8 million […]