Real Estate

Nuveen Real Estate Finances Yuhu's Bakehouse Quarter Acquisition | News | Ipe Ra

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The Australian debt arm of Nuveen provided bulk of debt for the A$380m acquisition. : The Australian debt arm of Nuveen Real Estate has provided the bulk of debt for a Chinese-owned group, Yuhu, to purchase a A$380m (€238m) mixed-use project known as the Bakehouse Quarter in Sydney. Industry sources told IPE Real Assets that Nuveen had provided a “stretched” senior loan in “the range of A$200m to A$250m”. Since branching into lending for commercial projects in Australia in October 2017 following, Nuveen had secured a number of significant deals, competitors said.

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