8 months ago
3
Nuvama and Cushman & Wakefield-backed realty money has acquired an bureau campus, dispersed implicit 24 lakh sq ft area, successful Chennai from Singapore-based Keppel radical for ₹2,550 crore.
Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW) is simply a 50:50 associated task betwixt Nuvama Asset Management and planetary existent property services steadfast Cushman & Wakefield.
According to a connection connected Thursday (September 25, 2025), NCW's flagship money 'Prime Offices Fund' (PRIME) has acquired a 2.4 cardinal (24 lakh) sq ft bureau field located successful Porur, Chennai.
"The plus was acquired done a 100% buyout from Keppel's existent property division, astatine a transaction worth of astir ₹2,550 crore," it added.
PRIME marked its archetypal adjacent successful 2025. The money targets investments successful premier commercialized bureau assets crossed cardinal high-growth micro-markets successful India.
"This 2nd acquisition nether PRIME is simply a beardown validation of our strategy and execution. With this, we are reinforcing our committedness to gathering a portfolio that reflects the evolving priorities of planetary occupiers: sustainability, agility, and institutional-grade quality," Gaurav Puri, Chief Investment Officer of NCW, said.
