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Nuveen’s New Logistics Fund Completes its First Purchase in Spain

The fund manager has acquired a robotic warehouse located in the Corredor del Henares from a major telecommunications operator.

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The logistics business is continuing its role as the star of the Spanish real estate sector, featuring in many of the last operations of the year. In this case, one of the major international investors at the European level is also involved, namely, Nuveen.

Specifically, the North American real estate investment manager (formerly TH Real Estate) has completed the purchase of a warehouse spanning more than 10,000 square metres located in the Corredor del Henares, one of the reference areas for national logistics. The fund manager has disbursed 14 million euros for the asset, in a sale & leaseback operation, which corresponds to an attractive yield of 4.85%, according to Brainsre.news.

Read the full article in Spanish.

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