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Nuveen Real Estate completes €35m green loan for Amsterdam life sciences development
Transactions - FEBRUARY 7, 2024

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Nuveen Real Estate completes €35m green loan for Amsterdam life sciences development

by Released

Nuveen Real Estate has agreed to provide a €35 million ($38 million) senior secured loan to Breakthrough Properties, a joint venture of Tishman Speyer and Bellco Capital, to finance the acquisition and construction of One Helix, a state-of-the-art life scienes asset in Amsterdam.

The asset is 100 percent pre-let to Neogene, a global, clinical-stage biotechnology company pioneering the discovery, development and manufacturing of next-generation engineered T cell receptor (TCR) therapies targeting a broad spectrum of solid cancers, and a wholly owned subsidiary of AstraZeneca. Once complete, it will provide a 5,155-square-meter (55,488-square-foot), five-story, office and laboratory building in southeast Amsterdam within the medical cluster surrounding the Amsterdam University Medical Center (Amsterdam UMC). The location has been designated as a key life sciences development area by the municipality of Amsterdam and is the fastest-growing life sciences cluster in the Netherl

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