Our free access period ends on the 18th April 2022. To find out about membership to Sustain RE, please contact us.

Nuveen Real Estate has announced the launch of a global impact investing business line.

The investment manager, which has total real estate assets under management of $152 billion plans to build $15 billion of real estate impact AUM by 2026.

The new business line is headed by global head of impact investing Nadir Settles (pictured above), who will also remain in his current role as head of the firm’s New York office. 

Pamela West, senior portfolio manager for impact investing, will oversee the framework's strategy, portfolio construction, and client relationships. She will continue to run Nuveen’s US affordable housing portfolio.

Pamela West

Nuveen’s impact mandate will focus on affordable and social housing and regeneration projects. It is designed to “improve communities by providing supportive services, enhancing residents' quality of life and financial outcomes, and ensuring affordable, sustainable and climate safe housing”, while at the same time supporting its 2040 net zero carbon target.

Global head of real estate Chris McGibbon said: "Nuveen is a pioneer in impact investing and we are competitively positioned to deliver a market-leading sector globally and at scale. Under Nadir and Pamela's leadership, I am confident this new sector will address some of the most pressing challenges in real estate across the globe, while creating an avenue for investors to have a significant impact through their capital investment.”

In April, Nuveen launched a German “living impact” platform, led by portfolio manager Tanja Volksheimer, which will focus on affordable housing.