Nuveen Real Estate’s European logistics platform has invested €60m to buy a 63,000sqm industrial property in Germany.

Nuveen Real Estate said the fully-let five-unit asset is located next to the intersections of the A57 and A52 motorways at Kamp-Lintfort.

Thorsten Kiel, head of European Logistics at Nuveen Real Estate, said throughout 2020, Nuveen’s European logistics platform has already invested around €250m in industrial assets, with a further €250m currently in due diligence or already under construction, reaffirming its commitment to the sector across Europe.

“Looking ahead, demand for industrial assets is only expected to increase, so we will continue to identify good opportunities to ensure we are providing strong returns for our investors.”

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