MUMBAI: A New Era in Indian Real Estate Investment

In a groundbreaking development, Nuvama and Cushman & Wakefield Management (NCW) have proudly announced the successful first close of their prime offices fund, amassing a significant corpus of approximately Rs 1,700 crore. This marks a pivotal moment in India's real estate sector, showcasing the potential of innovative partnerships between domestic asset management firms and global real estate service leaders.

NCW stands out as a pioneering venture in India, blending Nuvama's asset management prowess with Cushman & Wakefield's operational expertise in leasing and facility management. This 50:50 joint venture is set to redefine the landscape of real estate investment, challenging the dominance of global giants like Canada's Brookfield and the US's Blackstone. With an anticipated final closure at Rs 3,000 crore, NCW is on track to becoming a beacon of innovation and success in the real estate domain.

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