Nuveen buys property on Schwäbische Alb
Nuveen Real Estate has acquired a retail park in Bopfingen in the easternmost part of Baden-Württemberg on behalf of an institutional investor. The seller is developer Merz Objektbau. The market called “Ipf-Treff” opened in April and has about 7,400 sqm lettable space, which is leased long-term to Rewe and dm. EY, Ambiente LLP, and Reed Smith advised Nuveen on the transaction. MEC Metro-ECE Centermanagement has taken on the property management.
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