Nuveen Real Estate, one of the largest investment managers in the world, has completed the first close of its fourth debt strategy in the European commercial real estate debt series, having secured c. €150 million in initial commitments.
Several German institutional investors have committed to the first close, joined by Nuveen’s parent company, TIAA. The strategy is targeting a total capital raise of €500 million.
This launch represents Nuveen’s first pan-European debt strategy in the series. It builds on the successful implementation of the regional commercial real estate debt strategies with the previous three iterations of the series being UK focussed. The strategy has been designed to provide a solution for institutional investors looking to access potential returns which are secured, resilient and income focussed.
Read the full press release at the link below