Nuveen Real Estate has recapitalised the TIAA General Account’s (TIAA) interest in its flagship Cityhold Office Partnership (CHOP), with TIAA selling down half of its initial 50% interest in the venture to CBRE GIP, representing a value of €625m (£529m). Nuveen Real Estate will remain as portfolio and asset manager.
Nuveen recapitalises Cityhold Office Partnership via €625m CBRE GIP investment
CoStar News revealed transaction, which sees CBRE GIP buy 25% stake in €3bn London and Europe focused partnership, last month
By Sharon Smyth
CoStar NewsFebruary 10, 2020 | 10:43 AM
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IN THIS ARTICLE
- Properties
- 70 St. Mary Axe
70 St. Mary Axe, London, LND