Khaitan & Co advised Prime Offices Fund (PRIME), a commercial real estate focused fund managed by Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW), in its joint venture with Keppel Ltd through the acquisition of 51% stake in ‘TenSteps’, a 1.1 million sq. ft., grade A+ commercial office asset located in Pune. This acquisition marks PRIME’s third acquisition and a significant milestone in its strategy to build a portfolio of high-quality grade A+ office assets in key office markets that offer long-term visibility on demand and value creation for Prime’s investors and ESG-compliant office assets across India’s fastest-growing micro-markets.
The deal was assisted by:
Corporate & Commercial: Ruturaj Jere (Principal Associate)
Real Estate: Devendra Deshmukh (Partner), Ekta Sawant (Principal Associate) and Reet Namjoshi (Associate)
Banking & Finance: Rolwine Alva (Partner), Manas Pandey (Principal Associate) and Mansi Mishra (Associate)
The core team consisted of Deepak Jodhani (Partner), Gautam Suseel (Partner), Sushim Aryan (Principal Associate), Aanchal Khandelwal (Associate), Ishaan Nagarkatti (Associate) and Pooja P N (Associate)