MUMBAI: Nuvama and Cushman & Wakefield Management (NCW) on Wednesday announced the first close of its prime offices fund at a corpus size of about Rs 1,700 crore. NCW is a first-of-its-kind fund in India that brought together a domestic assets management firm and a global major in the real estate services segment in an industry that is dominated by global giants like Brookfield of Canada and Blackstone of US.
The closure of NCW is expected to be at Rs 3,000 crore. NCW is a 50:50 venture with the asset management skills of Nuvama, and operational real estate expertise in leasing and facility management of Cushman & Wakefield.
