Nuvama, Cushman & Wakefield Join Forces to Launch Rs 3,000 Crore Commercial Real Estate Fund

Nuvama Asset Management and global commercial real estate services firm Cushman & Wakefield announced a joint venture to launch a Rs 3,000-crore commercial real estate fund. The new entity, known as Nuvama and Cushman & Wakefield Management, aims to provide superior fund management expertise to investors by leveraging Cushman's global expertise in the commercial real estate industry.

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Investment Opportunities in Commercial Real Estate Market

The joint venture will focus on providing investment opportunities to domestic investors in the commercial real estate market. Nuvama Asset Management, formerly Edelweiss Wealth Management, has over 1.1 million clients in India and will bring its expertise in asset management to the partnership.

Target Properties and Locations

Anshu Kapoor, President & Head of Nuvama Asset Management, stated that they have identified grade-A properties ready or nearing completion. The fund corpus will be invested in 5-7 properties across the six largest and most active office space markets in India: Bengaluru, Delhi-NCR, Pune, Mumbai, Chennai, and Hyderabad.

India's Standout Position in the Office Sector

Matthew Bouw, Chief Executive of Cushman & Wakefield Asia Pacific, highlighted India's exceptional performance in the office sector both regionally and globally. He emphasized the country's potential for creating 300 new global capability centers over the next three years.

The joint venture between Nuvama Asset Management and Cushman & Wakefield represents a significant development in India's commercial real estate market. By combining their expertise, the partnership aims to provide investors with attractive investment opportunities and contribute to the growth of the sector.