Firm Matters
BackKhaitan & 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.
Deal Team
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)
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)
