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SAN FRANCISCO – Prologis has closed on Prologis European Logistics Partners Sarl (PELP), a $3.1-billionjoint venture withNorges Bank Investment Management(NBIM), manager of the Norwegian Government Pension Fund Global. The venture acquired 195 Class A logistics facilities that were wholly owned byPrologis and totaled 49 million square feet. PELP is a 50-50 partnership with an equity commitment of €2.4 billion, which includes a $1.55 billionco-investment by both NBIM andPrologis.