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Nuveen grows European logistics portfolio with German and Spanish acquisitions

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

https://realassets.ipe.com/news/nuveen-grows-european-logistics-portfolio-with-german-spanish-acquisitions/10132901.article