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ICICI Prudential Alternatives Acquires Prime RMZ Office Assets for ₹2,600 Crore.

ICICI Prudential Alternatives has strengthened its presence in India’s commercial real estate market by acquiring two Grade A office assets from RMZ Group for approximately ₹2,600 crore. The acquisition was executed through the ICICI Prudential Office Yield Optimiser Fund, a ₹2,500-crore vehicle focused on stabilised, income-generating office properties in key cities. The first asset, EcoWorld 21 in Bengaluru, is located on the Outer Ring Road, India’s largest office micro-market and a major hub for global capability centres. Spanning around 675,000 sq ft, the property is leased to multinational tenants with long-term leases of 5–9 years and commands premium rentals due to its high-end amenities and sustainability features. The second asset, RMZ Edge in Pune, covers about 622,000 sq ft in Koregaon Park, benefiting from strong connectivity, including proximity to the Pune Metro, and a robust occupier base.