Linklaters has advised Nuveen Real Estate on the entry into a joint venture with Eagle Street Partners, a real estate investment and asset manager, and HESTA, the Health Employees Superannuation Trust Australia. The joint venture has acquired a site at Castleforbes Business Park in Dublin to develop a build-to-rent scheme with a gross development value in excess of EUR 500m. Eagle Street Partners will manage the asset as part of its Resident Space operating platform.
The acquisition is Nuveen’s first build-to-rent investment in Dublin as it seeks to increase its portfolio of living assets across Europe. It also marks the first investment by HESTA in Europe’s living sector.
Nuveen Real Estate is one of the largest real estate investment managers in the world with $138 billion of assets under management. It has over 85 years of real estate investing experience and more than 600 employees located across over 25 cities throughout the United States, Europe and Asia Pacific.
The Linklaters team was led by Tom Watkins (partner), Danièle Buchler (consultant), Matthew Plaskow (managing associate) and Alexei Franks (managing associate).
