India, March 3 -- Prime Offices Fund (PRIME), a commercial real estate-focused fund managed by Nuvama and Cushman and Wakefield Management Private Limited (NCW), has acquired a 1.1 million sq ft development Grade A office space in Pune's Kharadi, the company said in a statement.

The acquisition of the office asset TenSteps marks the fund's entry into its third city. The 1.1 million sq ft development has been acquired through a joint venture, with PRIME holding a 51% stake and Keppel owning the remaining share, the statement said.

With this transaction, the fund's total portfolio will expand to over 3.8 million sq ft across Delhi NCR, Chennai and Pune, the company said. Also Read: Merlin Prime Spaces expands footprint with Rs.273 crore l...