Nuveen Real Estate Bets Long-Term on European Offices, Forms Single Operating Platform
Posted on 04/30/2021
Nuveen Real Estate, part of TIAA, disclosed its single operating platform for its entire €7 billion European office portfolio. The platform is being managed by BNP Paribas Real Estate and look to provide tailored solutions to each asset and occupier. The platform will initially cover all office assets within Nuveen’s Cityhold Office Partnership, Central London Office strategy, and European Cities strategy. It will subsequently be rolled out across its entire European office portfolio, representing about €7 billion of assets under management. The majority of assets are located across the U.K., Germany, the Netherlands, France, and Italy.
Nuveen’s European office portfolio includes cube berlin and EDGE Olympic, high-tech redevelopment in the heart of Amsterdam’s central business district.
BNP Paribas Real Estate Property Management will work on increasing relations with tenants.