NEW DELHI: Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW), a 50:50 JV between Nuvama Asset Management and Cushman & Wakefield, Wednesday announced the final close of its flagship PRIME Offices Fund (PRIME) at about Rs 4,000 crore. Launched to provide Indian investors access to institutional-quality commercial office assets in India, the fund was originally launched with a target corpus of Rs 3,000 crore. But a strong investor demand, coupled with a robust and sizeable deployment across India’s office markets, led NCW to increase the fund size, with the expanded corpus getting fully subscribed. The fund has committed about 45% of its capital.NCW chief investment officer Gaurav Puri said: “We are grateful for the confidence and support of our investors. The successful final close of PRIME reflects conviction in both India’s office sector and our investment strategy. The ability to expand the Fund beyond its original target underscores the strength of investor interest and the quality of opportunities available in the market. India's office market continues to benefit from structural growth drivers, including the growth of Global Capability Centres, expanding front-office operations and sustained demand for high-quality workplaces. With a strong foundation now in place, we remain focused on disciplined deployment and long-term value creation as we pursue opportunities across our target markets "Since its launch PRIME has created a portfolio of about 40 lakh square feet high quality office spaces across the country. It today has over 70 occupiers, with over 50% of tenants comprising Global Capability Centres (GCCs) and more than 20% representing front office operations.