ICICI Prudential AMC buys Mumbai's VIOS Tower office for ₹525 crore
ICICI Prudential AMC has acquired office space in Mumbai's VIOS Tower for over Rs 525 crore, picking up nine floors totalling about three lakh square feet of pre-leased commercial space. The purchase was made through its office yield optimiser fund, which targets established, income-generating properties.
The acquisition is structured to deliver an annual yield above 8 per cent, with built-in rent escalations of around 5 per cent. Pre-leased assets of this kind offer investors stable rental income from existing tenants in a prime location.
The deal reflects growing institutional appetite for Grade-A office assets in Mumbai, where funds are deploying capital into yield-bearing commercial real estate. It strengthens the asset manager's real estate fund portfolio with a sizeable, income-producing addition.
