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Nuveen Real Estate strengthens European Logistics platform with close to €150 million acquisition spree

The acquisitions combine nearly 90,000 sqm (968,751 sq ft) from five acquisitions

Nuveen Real Estate, one of the largest investment managers globally, has acquired five logistics assets across Norway, Germany, Spain and the United Kingdom. The acquisitions represent an overall investment of close to €150 million with the total gross area spanning 89,271 sqm (960,905 sq ft). All but one of the assets acquired are fully leased to top tenants on a long-term basis.

Thorsten Kiel, Head of Industrial and Logistics, Europe at Nuveen Real Estate, comments: “These latest acquisitions underline our approach to the European logistics market, which remains incredibly competitive as investors continue to seek value. We are therefore delighted to have acquired these assets which we believe represent some of the key factors we are looking for in the sector. These include high quality, fit for purpose spaces in well connected, strategic locations for the regions they serve as well as the potential for development and extension at some of the assets.”

Specifically, the transactions include the following assets:

 

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