Tag: ICICI Prudential

CommercialLatest Stories

ICICI Pru Alternatives Acquires RMZ Office Assets for ₹2,600 Cr

MUMBAI: ICICI Prudential Alternatives has purchased two Grade A office properties from the RMZ Group in Bengaluru and Pune for approximately ₹2,600 crore, thereby enhancing its portfolio in income-generating commercial real estate. The acquisition was made through the ICICI Prudential Office Yield Optimiser Fund, a ₹2,500 crore initiative targeting completed and pre-leased office spaces in major Indian markets. The Bengaluru property, EcoWorld 21, is situated on the Outer Ring Road, the largest office micro-market in the country and a center for global capability centers (GCCs). This facility encompasses around 675,000 sq ft, leased to a variety of multinational companies with…

CommercialLatest Stories

ICICI Prudential AIF Buys Pune IT Park for ₹520 Crore

An alternative investment fund managed by ICICI Prudential Asset Management Company has successfully acquired a grade-A office property in Pune as part of its initiative aimed at enhancing a portfolio of income-generating commercial real estate. The acquisition was made through the ICICI Prudential Office Yield Optimiser Fund-Series II, which purchased approximately 388,000 sq ft at Aditya Shagun Infinity IT Park in Baner, Pune, for around Rs 520 crore, according to sources familiar with the deal. The property was developed by K Raheja Group and Shagun Developers. The asset is currently leased to reputable tenants including Eaton Corporation, Accenture, and Jaguar…

Housing FinanceLatest Stories

Roha Group Secures ₹400 Crore from Private Credit Investors

Roha Housing Finance, a subsidiary of Roha Group, has successfully raised ₹400 crore from alternative credit investors via a structured private credit transaction involving a promoter-owned vehicle. Key participants included ICICI Prudential Corporate Credit Opportunities Fund, Nippon India Credit Opportunities Fund, and ASK Alternate Private Credit Fund. The capital will be utilized to bolster Roha Housing Finance, increasing its assets under management from approximately ₹1,250 crore to around ₹5,000 crore in the coming years, as per sources. The funds are being raised through Compulsory Convertible Debentures (CCDs) and Compulsory Convertible Preference Shares (CCPS), which serve to strengthen capital at the…