Trilegal has advised Nuvama Asset Management and Cushman & Wakefield to establish a 50:50 joint venture entity offering a comprehensive platform for commercial real estate (CRE) investments.
The joint venture, named Nuvama and Cushman & Wakefield Management Private Limited (NCW), blends Nuvama’s fund management expertise with Cushman’s global prowess.
“The strategic JV combines Nuvama’s fund management expertise with Cushman’s real estate capabilities to offer a full suite of services for commercial real estate investments in India,” said corporate partners Kunal Chandra and Kabeer Mathur.
“With India’s CRE market poised for exponential growth, the JV is uniquely placed to service domestic investors – a hitherto under-served, largely unorganised and high-growth segment.”
Chandra and Mathur led the Trilegal team to advise Nuvama along with partners Ganesh Rao, Aditya Jha, Yash Bansal (funds) and Kirti Balasubramanian (IP).
The Trilegal team to advise Cushman & Wakefield was led by corporate partners Sai Krishna Bharathan and Shivani Kabra along with partner Pallabi Ghosal (funds).
NCW seeks to raise INR30 billion (USD360.87 million) through its Prime Offices real estate fund aimed at strategic investments in top tier commercial offices across high-growth markets in India. This will be NCW’s first offering and has applied for approval for the fund from the Securities and Exchange Board of India.
“What sets this partnership apart is Cushman’s global real estate experience combined with Nuvama’s fund management experience and local knowledge, creating compelling investment opportunities for investors,” said partner Shivani Kabra, who advised Cushman.