Edelweiss EAAA Adds Pune Office Park to Portfolio

EAAA, the alternatives arm of financial services conglomerate Edelweiss, through its commercial real estate fund Rental Yield Plus (RYP), has acquired a Grade A office park in Pune spanning approximately one million square feet (mn sq ft) of gross leasable area. The purchase expands RYP's portfolio to five point two million square feet (mn sq ft), including approximately one million square feet under binding contracts in Pune. The fund now has a presence across Bengaluru, Gurugram and Pune and continues to target institutional-grade office assets that deliver stable income and yield.

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