Nuveen Real Estate has raised an additional $65 million from a Dutch investor for its Asia Pacific Cities strategy, bringing the fund to more than $650 million.
A total of eight investors have backed the fund, with more than half of the capital — $440 million — coming from European investors.
“Recently, we have had robust commitment from European investors, particularly German and Swiss institutional investors, who are interested in core investments in the APAC region,” noted Gabi Stein, managing director, International Advisory Services, at Nuveen. “Many are attracted to the strength of the existing core portfolio, diversification and the potential for further growth in the medium to long-term via positive long-term structural drivers.”
Opened to investors in November 2018, the Asia Pacific Cities platform is one of six strategies among Nuveen Real Estate’s global resilient series, which invests in select “future-proof” cities across the reg
