Nuveen Real Estate has expanded its core European logistics portfolio with acquisitions in Germany and Spain.
The real estate investment manager has acquired a newly constructed 11,224 square meters logistics property in Kerpen from Cologne-based project developer Aconlog and a 41,279 square meters warehouse in La Bisbal del Penedès, Catalonia.
The property in Colognen is let to a beverage bottler under a five-year lease, and an international pet food company occupies the Catalonia property under a long-term agreement.
Source: realassets.ipe.com on October 1st