PRIME Offices Fund

The Nuvama Prime Offices Fund (PRIME) is a high-conviction, close-ended Category II Alternative Investment Fund (AIF) co-managed via a joint venture between Nuvama Asset Management and Cushman & Wakefield Management (NCW). Targeting a corpus of ₹4,000 Crore (including a greenshoe option), the fund represents a high-quality real asset equity play targeting a 20%+ gross IRR through a blend of steady rental yields and significant capital appreciation. Unlike rigid REITs, the fund enters earlier in the value chain by acquiring Grade A+ "Offices of the Future"—focusing on ESG-compliant, LEED/WELL-certified commercial assets designed for global occupiers across India's top six gateway cities (Bengaluru, Mumbai, Pune, NCR, Chennai, and Hyderabad). By employing strategic leverage of 50–55% to amplify capital gains, utilizing Cushman & Wakefield’s deep on-ground leasing engine, and making anchor acquisitions like the ₹750 Crore Prius Platinum in South Delhi, the fund provides domestic investors a structured gateway into premium commercial real estate historically dominated by global institutions.