Nuveen Real Estate completed the acquisition of the five logistics assets for €150m.

Nuveen Real Estate, an investment manager, completed the acquisition of the five logistics assets across Norway, Germany, Spain and the United Kingdom for €150m ($166m). “These latest acquisitions underline our approach to the European logistics market, which remains incredibly competitive as investors continue to seek value. We are therefore delighted to have acquired these assets which we believe represent some of the key factors we are looking for in the sector. These include high quality, fit for purpose spaces in well connected, strategic locations for the regions they serve as well as the potential for development and extension at some of the assets," Thorsten Kiel, Nuveen Real Estate Head of Industrial and Logistics.