Nuveen Real Estate launches first dedicated pan-European diversified value-add strategy

Nuveen Real Estate, one of the largest investment managers in the world, has launched its first dedicated pan-European diversified value-add strategy and secured €180 million ($194 million) in initial commitments.

A Danish institutional investor and Nuveen’s parent company, TIAA, each committed €50 million ($54 million) to the fund, while Danish pension fund Sampension provided an additional €75 million ($81 million), pushing the strategy more than halfway towards its capital raise target of €300 million ($324 million).

The strategy will have a cross-sector outlook and will source opportunities across Europe and the United Kingdom, initially focusing on urban logistics, housing and alternatives. It aims to provide a solution for institutional investors looking to access potential returns through mispricing and repositioning opportunities in line with global megatrends. Nuveen said these structural trends driven by shifts in demographics, sustainability and te