Tag: Nuvama Asset Management

CommercialLatest Stories

Prime Offices Fund buys 51% stake in 1.1M sq ft Pune asset

NEW DELHI: Prime Offices Fund (PRIME), a commercial real estate-focused fund managed by Nuvama and Cushman & Wakefield Management (NCW), has obtained a 51% stake in TenSteps, a 1.1 million sq. ft. office project located in Pune’s Kharadi micro-market. This deal was executed through a joint venture, with Keppel maintaining the remaining 49% stake. The asset is currently in the leasing phase. With this acquisition, PRIME’s office portfolio will grow to about 3.8 million sq. ft. across major markets, including Delhi NCR, Chennai, and Pune. NCW, which manages the fund, is a 50:50 joint venture between Nuvama Asset Management and…

CommercialLatest Stories

Keppel to sell Chennai’s One Paramount office park for ₹2,750 crore

Representative image Singapore-based Keppel plans to sell its One Paramount office park in Porur, Chennai, to Prime Offices Fund, managed by Nuvama Asset Management and Cushman & Wakefield (NCW), for approximately ₹2,750 crore, according to sources familiar with the issue. This development highlights the growing investor interest in India’s expanding office market. One Paramount spans 2.4 million square feet and is a Grade-A tech park hosting global tenants like Genpact, Maersk, UPS, VMware, and Hitachi Energy. The property is part of a 12.6-acre development. “The transaction not only showcases the asset’s institutional quality and high occupancy rates but also empowers…