Nuveen Real Estate, one of the largest real estate investment managers globally, has raised a further €50 million ($59 million) for its sixth European logistics strategy.
On behalf of the strategy, which has now raised over €300 million ($355 million) from a number of German institutional investors, the firm has acquired a portfolio in the Netherlands, including an industrial property in Weert. The 18,000-square-meter (194,000-square-foot) warehouse forms part of a wider portfolio, with the purchase of the second asset due to complete later this year.
The property is strategically located in the West-Brabant logistics corridor, providing good access to Germany, Belgium and north to the Rotterdam port. The asset has been purchased on a sale and leaseback agreement with GVT Gr
