PE-RE Fund Investments
ICICI Pru Alternatives acquires 2 RMZ office assets in Bengaluru, Pune for Rs.2,600-Cr
ICICI Prudential Alternatives has acquired two Grade A office assets from RMZ Group in Bengaluru and Pune for about INR 2,600 crore. The acquisition was executed through the ICICI Prudential Office Yield Optimiser Fund, an INR 2,500 crore vehicle focused on completed and pre-leased office properties.The Bengaluru asset, EcoWorld 21, is located on the Outer Ring Road and spans approximately 675,000 sq ft. This property is leased to multinational tenants with lease tenures of 5-9 years.The Pune asset, RMZ Edge, comprises about 622,000 sq ft, located in Koregaon Park, a commercial and residential hub.
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