Nuveen Real Estate is expanding its European logistics platform with the launch of a further mandate, following the successful close of its inaugural pan-European industrial strategy earlier this year.
About €250 million ($295 million) has already been raised from a number of German institutional investors, all of which are already invested in Nuveen’s other logistics strategies. Looking ahead, the new strategy is targeting total investment of €700 million to €800 million ($826 million to $945 million) GAV with a long-term hold outlook.
Focusing on creating a diversified portfolio of assets across core countries, including Germany, France, Spain, Italy and the Netherlands, as well as additional European locations, the strategy is targeting high-quality, modern logistics properties that are suited to all industrial uses.
The first European Logistics mandate launched in 2016 and invested more than €620 million ($732 million) across 21 assets in key Europ
