Nuveen Real Estate secures €40m capital commitment for European Value Add strategy

Nuveen Real Estate has secured a further €40 million ($43 million) in capital commitments for its pan-European diversified Value Add strategy, from a Canadian institutional investor.

The latest commitment will give the strategy in excess of €500 million ($537 million) of dry powder following initial capital secured last year from Danish pension fund Sampension; Nuveen’s parent company, TIAA; and a further Danish institutional investor. Fundraising for the strategy will continue during 2023 and aims to provide a solution for institutional investors looking to access potential returns through mispricing and repositioning opportunities in line with global megatrends.

The strategy has a cross-sector outlook and will source opportunities across Europe and the United Kingdom initially focusing on urban logistics, housing and alternatives. Earlier this year, the strategy announced its first transaction with the acquisition of a high-quality self-storage portfolio in the