NCW acquires Prius Platinum in Delhi from Kotak-led consortium

04 Jun 2025 CW Team

NCW Prime Offices Fund, managed by Nuvama and Cushman & Wakefield Management (NCW), has acquired the 0.3 million sq.ft Prius Platinum office space in Delhi’s Saket District Centre from a Kotak Alternate Asset Managers-led consortium.

Originally acquired through the IBC process in 2021, the property underwent a full-scale transformation including ESG upgrades, boosting leasing activity and operational performance. It is currently 95% leased, with a WALE of five years and strong tenant lock-ins.

The building hosts marquee legal, pharma and financial firms, providing stable long-term rental income. The acquisition supports NCW’s strategy of investing in high-quality, sustainable commercial assets in prime locations.

“This rare, institutionally owned asset aligns with our income-generating, ESG-focused approach,” said Gaurav Puri, CIO, NCW.

Kotak’s Rahul Chhaparwal added, “This revival highlights our asset management strength and sustainability-led value creation.

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