COPENHAGEN, Jan 3 (Reuters) - Norway's sovereign wealth

fund said on Friday it had acquired a 45% stake in a portfolio

of logistics properties in the United States from the Canada

Pension Plan Investment Board in a new joint venture with

Goodman Group for $1.07 billion.

Norges Bank Investment Management (NBIM), the world's

largest sovereign wealth fund, said it valued the portfolio at

$3.27 billion, which is encumbered by $888 million of existing

debt.

Goodman already owned 55% of the portfolio ahead of the

deal and will retain its ownership share.

The transaction comprised 48 buildings in Southern

California, New Jersey, and Pennsylvania, the Norwegian fund

said.