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Real Estate has raised a further US$213.5m (鈧�180m) for its Asia-Pacific Cities strategy from four Dutch and Swiss investors, bringing the total raised to more than US$900m since inception in November 2018.

Gabi Stein, managing director and senior real estate specialist at Nuveen Real Estate, said despite headwinds from the pandemic, investors had continued to be attracted to the region, due to strong demographics and diversification benefits.

鈥淲e anticipate that demand for core strategies in Asia-Pacific will only increase over coming years.鈥�

Nuveen鈥檚 Asia-Pacific Cities strategy, which has shifted its recent focus to logistics, is now looking at opportunities in the Asia-Pacific office markets.

The platform鈥檚 current allocation stands at 64% to logistics, 18% to residential and 18% to office assets across four  Asian cities.

Louise Kavanagh, managing director Asia-Pacific at Nuveen Real Estate, said: 鈥淭he current investment climate continues to provide attractive entry points into a deep and liquid office sector across some resilient gateway cities backed by positive long-term fundamentals.

鈥淲ith this latest commitment, we are in a strong position to look for assets offering income generation and stable distributable income, anchored on long-term structural growth.鈥�

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