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Khaitan & Co advised Prime Offices Fund (PRIME), a commercial real estate focused fund managed by Nuvama and Cushman & Wakefield Management Private Limited (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 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) with assistance from the following:

Due diligence aspects: Ruturaj Jere (Principal Associate);

Title due diligence and real estate aspects: Devendra Deshmukh (Partner), Ekta Sawant (Principal Associate) and Reet Namjoshi (Associate); and

Debt-financing related aspects: Rolwine Alva (Partner), Manas Pandey (Principal Associate) and Mansi Mishra (Associate).

Khaitan & Co Advises Prime on Acquisition Of 51% Stake in Pune Office Asset ‘TENSTEPS’

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