Nuveen has acquired Munich-LEN, a multi-tenanted business park located in Ismaning, Germany, on behalf of professional wealth investors in its flagship Global Cities Real Estate strategy. The $3.1 billion strategy targets diversified, income-generating, institutional-quality real estate across the world’s most dynamic and resilient urban centres.
The acquisition represents a significant milestone for the strategy, marking its first direct investment in Germany and its first directly owned industrial asset in the European region. It also reflects Nuveen’s ongoing expansion of its alternatives platform to professional wealth management clients across EMEA and Asia Pacific, following the expansion of the firm’s product offerings last year1.
Jeff Carlin, Global Head of Wealth and Retirement Advisory Services at Nuveen, added: “This acquisition is a strong example of how we are delivering institutional-quality real estate opportunities to professional wealth clients around the world. As we continue to expand our alternatives platform across EMEA and Asia Pacific, we remain focused on providing access to high-conviction, income-generating strategies that have historically been the preserve of large institutional investors. The Global Cities Real Estate strategy is a compelling platform through which wealth clients can access diversified, global real estate exposure managed by one of the world’s leading real estate platforms.”
You can now read the full press release at the link below
