Nuveen enters UK affordable housing sector in partnership with Preferred Homes

Nuveen Real Estate, one of the largest investment managers in the world, has announced its intention to enter the UK Affordable Housing sector on behalf of the TIAA General Account in a joint venture with Preferred Homes Limited (“PHL”), a for-profit Registered Provider of Affordable Housing, supported by Ashbourne Capital Partners (“ACP”), the UK based real estate asset management business.

The joint venture has identified an attractive pipeline of opportunities across three sites in the UK’s regions and cities, leveraging the expertise of local authorities where there is a significant undersupply of extra care housing. The partnership strategy is focused on the development of affordable retirement living and will integrate each scheme within its local area, providing opportunities for local businesses and an enhanced amenity offering to local residents.

You can now read the full press release at the link below