Nuveen Real Estate, a subsidiary of Teachers Insurance and Annuity Association of America, the US pension fund, and Value One, an Austrian property developer and manager, formed a €600m joint venture. Jasper Gilbey, Director at Nuveen Real Estate, comments: “This new platform is fully consistent with Nuveen’s strategy of increasing our exposure to the housing sector via a strategic partnership with a best-in-class operator-developer. We look forward to growing this exciting platform over the coming years.”