Norges Bank Investment Management, Norway's sovereign wealth fund, has entered into an agreement with Blackstone to commit $800 million to Blackstone's Core+ North America Logistics closed-end fund. This substantial commitment highlights strong institutional confidence in Blackstone's real estate investment strategies.
The investment from one of the world's largest sovereign wealth funds underscores the attractiveness of Blackstone's logistics portfolio. Logistics remains a high-conviction theme for Blackstone, driven by robust demand from e-commerce and supply chain modernization.
This capital infusion further strengthens Blackstone's ability to acquire and develop high-quality logistics properties across North America. It reinforces the firm's position as a leading global real estate investor capable of attracting significant institutional capital.
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