Tag: Prime Offices Fund

IndustryLatest Stories

$3.9B Flow into Indian Real Estate from Private Equity (Jan-Sept 2025)

NEW DELHI: According to Savills India, a leading global real estate consulting firm, private equity investments in the Indian real estate sector reached USD 1.5 billion (₹131 billion) in Q3 2025. This marks a 32% decline compared to the previous year, yet the overall activity remains strong, with year-to-date (YTD) inflows totaling USD 3.9 billion (₹334 billion), closely approaching 2024’s figures. During Q3 2025, the office sector dominated investment, attracting USD 0.6 billion (₹52 billion), or 39% of total inflows, followed by data centers at 38%. The residential segment made up 20%, and co-living, though modest at 1%, is emerging…

CommercialLatest Stories

Prime Offices Fund buys 2.4M sq ft in Chennai for ₹2,550 crore

NEW DELHI: The Prime Offices Fund (PRIME), a commercial real estate-focused fund managed by Nuvama and Cushman & Wakefield Management (NCW), has successfully acquired a 2.4 million sq ft office campus located in Porur, Chennai. This asset was purchased through a full buyout from Keppel’s real estate division for approximately ₹2,550 crore. The campus is leased to Global Capability Centres (GCC) and domestic technology firms. Gaurav Puri, the Chief Investment Officer at NCW, stated, “As we continue to expand, our focus remains on high-quality ‘offices-of-the-future’ that align with our investors’ expectations.” NCW is a collaborative venture between Nuvama Asset Management…

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…

IndustryLatest Stories

Commercial assets make up 62% of ₹6,500 crore Q2 2025 deals

Sure! Here’s a rewritten version of the content: NEW DELHI: The real estate market in India experienced a notable decline in activity during Q2 2025, with total deal value decreasing by 35% quarter-on-quarter to USD 775 million, despite continued institutional interest in commercial properties and structured investments, as highlighted in a report by Grant Thornton Bharat. During this quarter, 17 deals were recorded, a drop from 28 in Q1 2025, resulting in a 39% decline in overall transactions. Nonetheless, the quarter was supported by a few significant transactions that accounted for over 90% of the total deal value. The standout…