Prime Offices Fund buys 2.4M sq ft in Chennai for ₹2,550 crore
NEW DELHI: The Prime Offices Fund (PRIME), a commercial real estate-focused fund managed by Nuvama and Cushman & Wakefield Management (NCW), has successfully acquired a 2.4 million sq ft office campus located in Porur, Chennai. This asset was purchased through a full buyout from Keppel’s real estate division for approximately ₹2,550 crore. The campus is leased to Global Capability Centres (GCC) and domestic technology firms. Gaurav Puri, the Chief Investment Officer at NCW, stated, “As we continue to expand, our focus remains on high-quality ‘offices-of-the-future’ that align with our investors’ expectations.” NCW is a collaborative venture between Nuvama Asset Management…