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Nuveen Real Estate, NEINVER capture €170m debt financing for Neptune’s Polish portfolio
Investors - JUNE 2, 2023

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Nuveen Real Estate, NEINVER capture €170m debt financing for Neptune’s Polish portfolio

by Kali Persall

Nuveen Real Estate and NEINVER have secured €170 million ($182 million) of debt financing for five factory-outlet centers and Futura Retail Park in Poland.

The Polish portfolio is owned by Neptune, a joint venture between NEINVER and Nuveen’s parent company, TIAA. The financing was jointly secured with Aareal Bank and ING Bank Śląski for a five-year term. The deal is structured through a green loan that is linked to sustainability requirements.

“We are really pleased to have secured this financing facility, which will help support the strategic priorities of the Neptune portfolio as we continue to invest in sustainability improvements for each of the assets,” said Charlotte Ashworth, Neptune fund manager at Nuveen Real Estate. “It also underlines the strength of the proposition in an environment where traditional lenders are taking a step back and being selective with their underwriting.”

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