Prime Offices Fund Acquires 1.1 Million Sq Ft Office Asset in Pune

Prime Offices Fund (PRIME), managed by Nuvama and Cushman Wakefield Management (NCW), has acquired a 51% stake in TenSteps, a 1.1 million sq ft grade A office asset in Pune's Kharadi. The remaining stake is held by Singapore-based Keppel. This acquisition marks PRIME's entry into Pune, expanding its portfolio to 3.8 million sq ft across Delhi NCR, Chennai, and Pune. The move aligns with PRIME's strategy to invest in markets with strong occupier demand and technology hubs.