Nuveen Real Estate has added $213.5 million from four Dutch and Swiss investors to its open-end Asia Pacific Cities strategy, bringing the platform to more than $900 million.
The strategy was launched in 2018 and has secured a total of 12 investors, the majority of which are from Europe.
The Asia Pacific Cities strategy forms part of Nuveen Real Estate’s global resilient series, which manages more than $5 billion of assets in more than 35 major resilient cities globally. It focuses on investing in high-quality assets in ‘future-proof’ cities that are well-positioned in terms of long-term structural trends, including demographic change, urbanization and technology.
Nuveen also has identified ongoing strong occupier demand for modern logistics space in Asia Pacific, as well as a number of strong office markets across the region, including Sydney, Singapore and Seoul, that it believes are well positioned for long-term growth despite headwinds presented by the
