• Nuvama Asset Management and Cushman & Wakefield have formed a joint venture to launch a Prime Offices Fund, aiming for a final close early next year. The fund is nearing its upsized target of Rs 4,000 crore ($448 million).
• The fund is attracting capital from domestic investors like family offices, institutions, and high-net-worth individuals, addressing a gap where global investors have historically dominated commercial real estate investments in India.
• The current fund focuses on acquiring ready-to-occupy or near-completion commercial assets, including leased properties and those requiring tenant stabilization, but explicitly avoids greenfield development projects.
• Future funds from the platform will explore different strategies, potentially including greenfield projects and expanding investments beyond offices into other commercial asset classes like logistics, retail, and hotels.

Swet Sarika

An equal joint venture between Nuvama Asset Management, the alternative investment arm of Nuvama Wealth Management Ltd, .........

Nuvama-C&W JV looks to diversify beyond offices, eyes debut fund’s final close

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An equal joint venture between Nuvama Asset Management, the alternative investment arm of Nuvama Wealth Management Ltd, and real estate services firm...

Nuvama and Cushman & Wakefield Management Pvt Ltd

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