Investors

Nuveen plots second Australian real estate debt fund after securing CPPIB commitment

Nuveen Real Estate has held a second close for the fund on around A$650m following the investment, with a final close due this year.

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Canada Pension Plan Investment Board has committed A$300 million ($195 million; €170 million) to Nuveen’s first commercial real estate debt fund, joining its parent the Teachers Insurance and Annuity Association of America and Singapore’s Temasek in the platform.

Nuveen Real Estate has now held a second close on the fund, with total commitments sitting at more than A$650 million.