Nuvama Asset Management and Cushman & Wakefield to form Nuvama and Cushman & Wakefield Management.

Nuvama Asset Management, a wealth management services provider, and Cushman & Wakefield, a commercial real estate services firm, agreed to form Nuvama and Cushman & Wakefield Management, a joint venture to invest in commercial real estates. Financial terms were not disclosed. "As Cushman & Wakefield deepens its presence in the fund management space, we are delighted to partner with Nuvama to help investors capitalize on this opportunity. Our global real estate expertise, coupled with Nuvama’s local market knowledge and investment acumen, will create an unrivalled value proposition for investors," Matthew Bouw, Cushman & Wakefield CEO of Asia Pacific.