Nuveen Real Estate, one of the largest real estate investment managers in the world1 with $147 billion of assets under management, has acquired a newly constructed logistics asset in Horsens, Denmark, via an off-market transaction for €33 million.
The acquisition was made on behalf of the European Core Plus Logistics strategy which was launched in 2022 and targets core plus investments across both standing and development assets.
The asset is Nuveen Real Estate’s first logistics investment in Denmark, with the Nordics more broadly being a high conviction geography for the platform across the housing, self-storage and logistics sectors, supported by strong underlying investment fundamentals. Nuveen Real Estate’s platform more broadly has actively grown its Nordic exposure to over €1.0 billion through the acquisition of self-storage providers and a single-family housing portfolio in Helsinki.
Completed in early 2024 and available for occupancy, the property comprises 33,000 square metres of warehouse space spread across three equally sized units. Boasting 12 metres clearance height, the property has been built to modern logistics specifications and is pursuing DGNB Gold certification.
Source: nuveen.com on the 4th of July, 2024