Curation Team
NEW DELHIL Prime Offices Fund (PRIME), a commercial real estate focussed fund managed by Nuvama and Cushman & Wakefield Management (NCW), has acquired 2.4 million sq ft office campus located in Porur, Chennai.
The asset was acquired through a 100% buyout from Keppel’s real estate division, at transaction value of approximately ₹2,550 crore.
The campus is eased to Global Capability Centres (GCC) and domestic technology majors.
Gaurav Puri, chief investment officer, NCW said, “As we expand our footprint, our focus remains on high quality ‘offices-of-the-future’ that meet the expectations of our investors.”
NCW is a joint venture between Nuvama Asset Management and Cushman and Wakefield.
