Nuvama Asset Management, Cushman & Wakefield form commercial real estate fund through JV

Nuvama Asset Management, the alternatives-focused asset management arm of Nuvama Wealth Management, and Cushman & Wakefield have formed a 50-50 joint venture entity, Nuvama and Cushman & Wakefield Management Private Ltd. (NCW).

The new entity will act as a powerful platform offering a full suite of capabilities for investing in commercial real estate. NCW is planning to launch its first real estate fund, PRIME Offices Fund, and aims to raise INR 3000 crore ($360 million) to invest in prime commercial offices across India’s high-growth markets.

The joint venture will establish a differentiated strategic platform that aims to empower investors with superior fund management expertise through Nuvama while leveraging Cushman & Wakefield’s global expertise in the commercial real estate industry. The joint venture will initially focus on providing investment opportunities to domestic investors in the Indian commercial real estate market, a space that has trad