NCW Prime Offices Fund Acquires Pune Office Asset

04 Mar 2026 CW Team

Prime Offices Fund (PRIME), a commercial real estate–focused fund managed by Nuvama and Cushman & Wakefield Management Private Limited (NCW), has acquired TenSteps, a Grade A+ office development in Kharadi, Pune. The transaction marks the fund’s entry into its third city and expands its multi-city office portfolio.

The approximately 1.1 million sq. ft development is IGBC LEED Platinum pre-certified. The asset has been acquired through a joint venture structure, with PRIME holding a 51 per cent stake and Keppel retaining the remaining share. Following the acquisition, PRIME’s portfolio will expand to about 3.8 million sq. ft across Delhi NCR, Chennai and Pune.

The fund stated that the expansion into Pune reflects its focus on markets with strong occupier demand, established talent ecosystems and long-term institutional relevance. Pune’s role as a technology and Global Capability Centre hub aligns with the fund’s strategy of acquiring high-quality office assets.

Gaurav Puri, Chief Investment Officer, NCW, said, “This transaction reinforces the investment principles we set out with — disciplined capital deployment in prominent growth markets with a clear focus on asset quality.”

Resources

17 Apr 2026

Origen Realty appoints Poulomi Ray as CMO

Origen Realty has appointed Poulomi Ray as Chief Marketing Officer, strengthening its leadership team as it advances its growth and brand strategy. Poulomi Ray brings nearly two decades of experience in brand building and marketing across real estate and hospitality sectors, with prior roles at Signature Global, DLF Limited, Paras Buildtech, MGM International and Hilton. In her new role, she will lead marketing and brand direction at Origen Realty, focusing on visibility, differentiation and market engagement as the company progresses its integrated development plans in Gurugram. Commenting..

Haver & Boecker Niagara to showcase solutions at Hillhead

Haver & Boecker Niagara will showcase its mineral processing technologies at Hillhead 2026, scheduled from June 23–25 in Buxton, UK.At Stand PA3, the company will present its end-to-end solutions including screeners, screen media and advanced diagnostics, with a focus on improving efficiency, uptime and throughput for aggregates producers.Highlighting its screen media portfolio, the company will feature Ty-Wire media with hybrid design offering up to 80 per cent more open area, alongside FLEX-MAT® solutions designed to enhance wear life and throughput while reducing blinding and cloggin..

CREDAI-MCHI meets Maharashtra Revenue Minister on issues

Navin’s, a Chennai-based real estate developer, has won the 17th CIDC Vishwakarma Award 2026 for its residential project Navin’s Hanging Gardens located on Arcot Road, Valasaravakkam. The award was presented by the Construction Industry Development Council (CIDC) under the category of Best Construction Projects, recognising the development’s achievement in innovation, design excellence and sustainability.The award was received by Chandrasekar PN, General Manager, Technical, Navin’s, at the ceremony held in New Delhi.Inspired by the legendary Hanging Gardens of Babylon, the project has ..