Asset manager Nuveen has acquired a multi-tenanted business park in Germany for €40 million on behalf of its global fund for professional wealth investors. The fund manager said it acquired the fully-let Munich-LEN asset in Ismaning for its US$3.1 billion (€2.63 billion) global cities real estate strategy. The fund targets diversified, income-generating real estate “across the world’s most dynamic and resilient urban centres”, Nuveen said, and the latest deal represents its first direct investment in Germany and its first directly owned industrial asset in Europe. Nuveen’s global cities real estate strategy’s portfolio now comprises 126 properties across the US, Asia Pacific and EMEA, including five single-family housing estates in Copenhagen encompassing 110 homes.
Source: IPE Real Assets on 20 April 2026
https://realassets.ipe.com/news/nuveen-acquires-munich-business-park-for-31bn-global-wealth-strategy/10136276.article