Nuveen Real Estate has acquired five logistics assets across Norway, Germany, Spain and the United Kingdom.
The acquisitions represent an overall investment of close to €150 million ($165 million) with the total gross area spanning 89,271 square meters (960,905 square feet). All but one of the assets acquired are fully leased to top tenants on a long-term basis.
“These latest acquisitions underline our approach to the European logistics market, which remains incredibly competitive as investors continue to seek value,” said Thorsten Kiel, head of industrial and logistics, Europe at Nuveen Real Estate. “We are, therefore, delighted to have acquired these assets, which we believe represent some of the key factors we are looking for in the sector. These include high-quality, fit-for-purpose spaces in well-connected, strategic locations for the regions they serve as well as the potential for development and extension at some of the assets.”
Specifically, th
