Institutional investment platform Prime Offices Fund has acquired a 51% stake in TenSteps, a 1.1 million sq ft Grade-A+ office campus in Pune's Kharadi, expanding its India portfolio to ₹4,000+ crore.

The Nuvama-Cushman joint venture's Prime Offices Fund finalized the acquisition of a 51% controlling interest in the 1.1 million sq ft 'TenSteps' office development in Pune's Kharadi micro-market for approximately ₹1,000 crore. This move expands the fund’s total managed portfolio footprint across Delhi NCR, Chennai, and Pune to over 3.8 million square feet, signaling a focus on institutional-grade assets in major business hubs.

PropShare, India's biggest commercial real estate digital platform, aims to grow its Asset Under Management (AUM) to over Rs 1,000 crore in storage assets. The warehouse market's current growth, reminiscent of the early 2000s office space bubble, prompts the business to buy assets across India.

The innovation powerhouse of Bengaluru has a shortage of high-quality office assets for investment, so institutional investors are working with developers to build high-quality office spaces from the start.