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Nuveen Real Estate reaffirms its strong commitment to France with the acquisition of 100,000 sq m in last mile logistics

As part of its investment strategy in Europe, Nuveen Real Estate has acquired three portfolios comprising 17 modern last mile logistics properties, on behalf of its European logistics platform. The three transactions were sourced off market and represent an overall investment of more than €135 million. In addition, a further four assets worth more than €32m have been secured for 2022. The total gross area of all properties will be around 100,000sqm. All last mile centers are fully leased to top tenants on a long-term basis.

Luc Merigneux, Investment Director France at Nuveen Real Estate, adds: “We are delighted to have acquired these state-of-the-art last mile logistics opportunities in a sector which continues to remain defensive.  It strengthens our growing portfolio and underlines our commitment to the French market as one of the biggest last mile investors in the country. Going forward, we are continuing to look for new opportunities in the logistics market in France.” 

Specifically, the transactions include the following assets:

 

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