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Nuveen Strengthens its Spanish Portfolio with 2 Warehouses in Toledo

The investment manager has acquired a logistics asset spanning 66,300 square metres in the Plataforma Central Iberum, located in Illescas, Toledo.

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Iberum Platform, in Illescas.

This acquisition by Nuveen Real Estate will be added to the 216,000 square metres of gross leasable area (GLA) that the company already owns in Spain. The logistics building comprises two logistics warehouses plus office space.

The construction work has been completed this year and one of the warehouses is already leased to a logistics operator under a long-term contract, reports the company.

Read the full article in Spanish.

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