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Nuveen supports LOGOS with Senior Green Loan for infill Melbourne logistics asset

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Nuveen Real Estate is pleased to announce it has financed an AU$61.5 million Senior Green Loan to LOGOS for the development of a 5 Green Star logistics warehouse at 21-35 Radford Road, Reservoir in Melbourne’s inner north.  

Once completed, the estate known as, Reservoir Business Hub, will provide approximately 43,500m2 of high-quality warehouse space, capable of hosting up to seven customers in an established infill logistics area, with good access to Melbourne’s freeways, CBD, port and airport. Reservoir Business Hub will provide brand-new, high-quality logistics units of generic design to cater for a cross section of customer requirements. 

Located in a strategic “last-mile” infill site within an established logistics area, the project will benefit from green accreditation and a range of innovative building facilities rarely seen in surrounding areas. 

Dugald Marr, Managing Director and Head of Debt for Australia & New Zealand at Nuveen said: 

“In recent years, we have had an increased interest in the industrial and logistics sector as driven by growing tenant demand for modern warehouse facilities, record low vacancy and limited supply. 

As a result, we are delighted to be issuing Nuveen Real Estate Australia’s first green loan to a project that is supported by favourable market fundamentals, whilst marrying our focus on sustainability and the achievement of Green Star ratings. 

Our experienced team across debt and equity allowed us to provide LOGOS with a competitive funding solution to support their investment objectives and make this project a reality.  The Nuveen Real Estate Debt team has the capability to structure bespoke financing solutions for Borrowers such as LOGOS and can move quickly to provide execution certainty where we have high conviction on the project and sector.”

Wayne Thong, Treasurer of LOGOS, Australia and New Zealand said: 

“Nuveen has been a great partner in this project. We value their commerciality and structuring expertise, which has delivered an efficient debt structure for our investors. We look forward to exploring further opportunities with Nuveen, as we continue to grow our logistics portfolio in Australia and New Zealand.”

The loan is aligned to Nuveen’s Real Estate Debt strategy which focuses on Core loans and Core Plus loans to institutional borrowers with security over prime assets in preferred sectors together with strict covenants to ensure principal protection for investors whilst earning attractive loan investment returns. It also aligns with Nuveen Real Estate’s commitment to making the global property portfolio it manages operationally net zero carbon by 2040. 

The development project is being managed by LOGOS, a leading Asia Pacific logistics real estate specialist, on behalf of a partnership between LOGOS Group, KKR, and Mubadala Investment Company. 

Nuveen Real Estate 

Nuveen Real Estate is one of the largest investment managers in the world with $151 billion of assets under management. 

Managing a suite of funds and mandates, across both public and private investments, and spanning both debt and equity across diverse geographies and investment styles, we provide access to every aspect of real estate investing.

With over 85 years of real estate investing experience and 820 employees* located across 30+ cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise.

For further information, please visit us at

Nuveen Real Estate Debt Platform

Nuveen Real Estate’s global commercial real estate debt platform invests across the capital structure, seeking income-focused, stable, and attractive, risk-adjusted total returns for investors through a diversified portfolio of investments. 

Globally, Nuveen Real Estate’s Debt platform has AUM of US$44 billion with more than 520 investments across regions.

Nuveen Real Estate has AUM of US$6.7 billion across Asia Pacific in both real estate equity and debt and is part of Nuveen Asset Management who has over US$1 trillion of assets under management and a 125-year investment history under the leadership of TIAA.


LOGOS, as part of ESR Group, is a dynamic and growing logistics specialist with operations across 10 countries in Asia Pacific. LOGOS’ shareholders comprise ESR Group, APAC’s largest real asset manager powered by the New Economy and the third largest listed real estate investment manager globally and its Founders, John Marsh, and Trent Iliffe.  LOGOS manages every aspect of logistics real estate, including investment management, sourcing land or facilities and undertaking development and asset management, on behalf of some of the world’s leading global real estate investors. LOGOS has circa AU$34.3 billion of assets under management in Asia Pacific across 31 separate ventures including development, value-add and core.  For more information:

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* Includes 385+ real estate investment professionals, supported by a further 430+ Nuveen employees.

Source: Nuveen, 30 June 2023.

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