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NCW closes PRIME Offices Fund at Rs 40 billion

2026-07-10

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.

The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.

The fund has already committed around 45 per cent of its capital and has built a portfolio of approximately 4 million sq ft of office space across multiple cities. The portfolio houses more than 70 occupiers, with over 50 per cent comprising Global Capability Centres (GCCs) and more than 20 per cent representing front-office operations.

Gaurav Puri, Chief Investment Officer, NCW, said the successful final close reflects investor confidence in both India's commercial office market and the fund's investment strategy. He added that structural demand drivers, including the expansion of GCCs, growth in front-office operations and sustained demand for Grade A office space, continue to support the sector.

NCW is a 50:50 joint venture between Nuvama Asset Management, the alternatives-focused arm of Nuvama Wealth Management Ltd, and Cushman & Wakefield. The platform focuses on investments in institutional-quality commercial real estate and provides domestic investors access to office assets across high-growth micro-markets in India.

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