Important Information
This site has been created for exclusive use by institutional investors only and does not take into account investment objectives, financial situation or specific needs of any individual investor. Information should not be the sole basis for any investment decision.
If you are not an institutional client, consultant or financial professional and are looking for more information about mutual funds and other products at Nuveen, please visit our site at www.nuveen.com.
Past performance is not a guarantee of future performance. All investments involve some degree of risk including loss of principal. Investment objectives may not be met.
By agreeing you are confirming you are being truthful, acknowledging you have read the information above and accept the terms and conditions set out with this site and meeting the intended audience requirement for this site. Not all content on this site is appropriate or applicable for the general public and we cannot guarantee consequences with the use of this information by unauthorized or unintended users. Content on this site may not be redistributed and is for informational purposes only and does not constitute investment advice or provide a solicitation of an offer to buy any security.
News
TH Real Estate continues logistics investment streak with acquisition of Grade-A asset in France
TH Real Estate has completed the acquisition of a Grade-A logistics asset in Fos-sur-Mer harbour near Marseille, France.
The asset was acquired from French IDEC and Life Groups, who completed development of the asset in February 2018.
The prime logistics centre is located in Fos-sur-Mer harbour, on the French national corridor of Lille, Paris, Lyon and Marseille. It consists of seven units, comprising 43,000 sq m (462,848 sq ft) of industrial space and 900 sq m (9,688 sq ft) of office space, and is secured on a long-term lease to XPO Logistics for nine years.
Tim Hennes, Senior Investment Manager, TH Real Estate, comments: "Fos-sur-Mer is a newly-established logistics hub and currently considered to be one of the key logistics regions in France, benefiting from the international harbour of Marseille which services products arriving from Europe and Asia. Combined with the Grade-A quality of the asset, and its flexible and adaptable specification, this building fits perfectly within our European logistics strategy, which targets low-risk logistics assets with high-growth potential."
The acquisition represents TH Real Estate's first logistics investment in France, adding to their €2.4 billion European logistics platform. TH Real Estate provides an investment opportunity for German institutional clients, seeking low-risk logistics assets with high-growth potential. Core countries for investments are France, Spain, the Netherlands and Italy, all of which show a rising demand for logistics facilities.
SVZ and Linklaters acted as legal advisors to TH Real Estate. The technical and environmental due diligence were conducted by Europtima and ERM, respectively. Jones Lang LaSalle acted as the broker.
Content Two Up Component:
Warning: Datasource not found
Note: TH Real Estate renamed to Nuveen Real Estate in January 2019.
Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, London EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. The value of investments and any income will fluctuate (this may be partly be the result of exchange rate fluctuation) and investors may not get back the full amount invested. Where opinions have been expressed, they are based on current market conditions and are subject to change without notice. TH Real Estate is an investment affiliate of Nuveen, the investment management arm of Teachers Insurance and Annuity Association of America (TIAA). TH Real Estate securities products distributed in North America are advised by UK regulated subsidiaries or Nuveen Alternatives Advisers LLC,, a registered investment advisor and wholly owned subsidiary of TIAA and distributed by Nuveen Securities, LLC, member FINRA. Real estate investments are subject to various risks, including fluctuations in property values, higher expenses or lower income than expected, and potential environmental problems and liability.
