Prime Offices Fund (PRIME), managed by Nuvama and Cushman & Wakefield Management (NCW), has acquired a 2.4 million sq. ft. office campus in Porur, Chennai, from Keppel’s real estate division for approximately INR 2,550 crore. The LEED Platinum-certified campus, leased to a mix of Global Capability Centres (GCCs) and domestic tech majors, marks PRIME’s second acquisition and underscores its strategy to build a portfolio of future-ready, ESG-compliant office assets in India’s fastest-growing micro-markets. This deal is among the largest executed by a domestic fund in a market largely dominated by global capital.

The Campus is a LEED Platinum development, leased to a diversified tenant base comprising both Global Capability Centres (GCC) and domestic technology majors. Located in one of Chennai’s most attractive office corridors, the asset offers institutional-grade infrastructure, campus style amenities and excellent connectivity to key residential and commercial hubs.

This acquisition underscores PRIME’s philosophy of investing in future-ready, sustainable, performance-led assets in strategic micro-markets that cater to the evolving needs of global occupiers. With its scale, sustainability credentials, and blue-chip tenant profile, the asset strengthens the fund’s ability to deliver resilient returns and long-term value to investors.

This landmark transaction is one of the largest ever in the rapidly expanding Indian Office market. This also marks the largest trade executed by any domestic fund, in a space otherwise dominated by global capital pools. This milestone reinforces PRIME’s commitment to delivering global standard investments tailored for domestic investors.

Gaurav Puri, Chief Investment Officer, NCW commented, “This second acquisition under PRIME is a strong validation of our strategy and execution. With this, we’re reinforcing our commitment to building a portfolio that reflects the evolving priorities of global occupiers: sustainability, agility, and institutional-grade quality. Chennai continues to attract deep occupier interest, especially from GCCs, and Porur stands out as a micro-market with long-term fundamentals. As we expand our footprint, our focus remains on high quality ‘offices-of-the-future’ that meet the expectations of our investors and set new benchmarks for commercial real estate in India.”