{"id":664,"date":"2025-05-30T07:00:00","date_gmt":"2025-05-30T01:30:00","guid":{"rendered":"https:\/\/agentkart.com\/?p=664"},"modified":"2025-05-30T00:17:56","modified_gmt":"2025-05-29T18:47:56","slug":"ncw-prime-offices-fund-secures-landmark-delhi-office-space","status":"publish","type":"post","link":"https:\/\/www.agentkart.com\/news\/ncw-prime-offices-fund-secures-landmark-delhi-office-space\/","title":{"rendered":"NCW Prime Offices Fund Secures Landmark Delhi Office Space"},"content":{"rendered":"\n<p><strong>NEW DELHI<\/strong> \u2013 In a significant move for the commercial real estate sector, Prime Offices Fund (PRIME), a fund jointly managed by Nuvama Asset Management and Cushman &amp; Wakefield (NCW), has successfully acquired &#8220;Prius Platinum,&#8221; a highly coveted Grade-A office complex located in Saket, Delhi. The acquisition marks a strategic expansion of NCW&#8217;s portfolio, adding a substantial 0.3 million square feet of premium office space to its holdings.<\/p>\n\n\n\n<p>The deal for Prius Platinum was finalized after the property was acquired from a consortium led by a fund managed by Kotak Alternate Asset Managers. This transaction was notably facilitated through the Insolvency and Bankruptcy Code (IBC) process, with the initial acquisition by the Kotak-led consortium taking place in 2021.<\/p>\n\n\n\n<p>Prius Platinum stands out as a particularly attractive asset, boasting an impressive 95% occupancy rate. This high leasing percentage underscores the property&#8217;s strong market demand and its potential for delivering consistent returns. Furthermore, the complex offers stable rental income, characterized by a weighted average lease expiry (WALE) of five years, coupled with advantageous in-place lock-in periods, providing long-term revenue visibility for NCW.<\/p>\n\n\n\n<p>This acquisition by NCW Prime Offices Fund reinforces its commitment to investing in high-quality, income-generating commercial real estate assets, particularly within prime urban centers like Delhi. The addition of Prius Platinum is expected to bolster the fund&#8217;s overall performance and enhance its presence in India&#8217;s dynamic office market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI \u2013 In a significant move for the commercial real estate sector, Prime Offices Fund (PRIME), a fund jointly managed by Nuvama Asset Management and Cushman &amp; Wakefield (NCW), has successfully acquired &#8220;Prius Platinum,&#8221; a highly coveted Grade-A office complex located in Saket, Delhi. The acquisition marks a strategic expansion of NCW&#8217;s portfolio, adding [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1125,561,1073,1038,1123,707,700,1130,1033,1106,1122,1129,553,1128,1018,1124,1101,674,1126,1120,1131,1127,1057,1105,1103,934,656,1121,1074,732],"class_list":{"0":"post-664","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-delhi","8":"tag-asset-management","9":"tag-business-news","10":"tag-commercial-property","11":"tag-commercial-real-estate","12":"tag-corporate-offices","13":"tag-delhi","14":"tag-delhi-real-estate","15":"tag-expansion","16":"tag-financial-news","17":"tag-financial-services","19":"tag-growth","20":"tag-india","21":"tag-india-business","22":"tag-investment","23":"tag-investment-fund","24":"tag-landmark-deal","25":"tag-market-trends","26":"tag-ncr","27":"tag-ncw-prime-offices-fund","28":"tag-new-delhi","29":"tag-north-india","30":"tag-office-space","31":"tag-prime-property","32":"tag-property-acquisition","33":"tag-property-development","34":"tag-property-market","35":"tag-real-estate-deal","36":"tag-real-estate-investment","37":"tag-urban-development"},"_links":{"self":[{"href":"https:\/\/www.agentkart.com\/news\/wp-json\/wp\/v2\/posts\/664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.agentkart.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.agentkart.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.agentkart.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.agentkart.com\/news\/wp-json\/wp\/v2\/comments?post=664"}],"version-history":[{"count":0,"href":"https:\/\/www.agentkart.com\/news\/wp-json\/wp\/v2\/posts\/664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.agentkart.com\/news\/wp-json\/wp\/v2\/media\/665"}],"wp:attachment":[{"href":"https:\/\/www.agentkart.com\/news\/wp-json\/wp\/v2\/media?parent=664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.agentkart.com\/news\/wp-json\/wp\/v2\/categories?post=664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.agentkart.com\/news\/wp-json\/wp\/v2\/tags?post=664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}