Nuvama-Cushman Fund Acquires 51% Stake in Pune Office Asset for Rs 1,000 Crore

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Nuvama-Cushman Fund Buys 51% Stake in Pune Office Asset for Rs 1,000 Cr

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News18•03-03-2026, 18:45

Nuvama-Cushman Fund Buys 51% Stake in Pune Office Asset for Rs 1,000 Cr

•Prime Offices Fund, managed by Nuvama and Cushman & Wakefield (NCW), acquired a 51% stake in TenSteps, a 1.1 million sq ft Grade A+ office asset in Kharadi, Pune.
•The deal for the 51% stake is valued at nearly Rs 1,000 crore, with Keppel retaining the remaining 49% ownership.
•This acquisition marks Prime's entry into Pune, making it their third city after Delhi-NCR and Chennai, expanding their portfolio to 3.8 million sq ft.
•NCW is a 50:50 joint venture between Nuvama Asset Management and global real estate services firm Cushman & Wakefield.

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