Nuveen Real Estate raised more than US$480 million for its Asia-Pacific cities and China outlet mall platforms, IPE Real Assets reported.

The company gained over US$420 million from eight European investors this year, while also raising US$60 million from a Dutch financial services company.

According to the Dec. 16 report, the Asia-Pacific cities platform focuses on selected areas across the region. The China franchise, which has seven assets in the series, targets designer outlet malls across Greater China.