Keppel Buys Chennai's One Paramount Tech Park for Rs.21 Bn
Real Estate

Keppel Buys Chennai's One Paramount Tech Park for Rs.21 Bn

Keppel, a prominent player in real estate investments, has announced its acquisition of One Paramount Tech Park, a premier commercial property located in Chennai, for Rs.21 billion. This significant deal marks Keppel's expansion into India's burgeoning tech real estate sector.

One Paramount Tech Park, situated in the heart of Chennai's IT hub, boasts state-of-the-art infrastructure and a prime location, making it a highly coveted asset. The acquisition underscores Keppel's strategic push to strengthen its portfolio in high-growth markets and capitalise on the growing demand for high-quality commercial spaces.

The tech park spans a substantial area and is known for its modern design and eco-friendly features. It houses several leading technology and IT firms, contributing to its high occupancy rate and stable rental income.

Keppel's decision to acquire the property is aligned with its broader strategy of investing in key international markets and sectors with promising growth prospects. The firm aims to leverage its expertise in managing and developing commercial real estate to enhance the value of One Paramount Tech Park.

This transaction is also expected to benefit Chennai's commercial real estate market by adding a significant asset to its portfolio. The deal highlights Keppel's commitment to expanding its footprint in India and addressing the increasing demand for premium office spaces in the region.

Keppel, a prominent player in real estate investments, has announced its acquisition of One Paramount Tech Park, a premier commercial property located in Chennai, for Rs.21 billion. This significant deal marks Keppel's expansion into India's burgeoning tech real estate sector. One Paramount Tech Park, situated in the heart of Chennai's IT hub, boasts state-of-the-art infrastructure and a prime location, making it a highly coveted asset. The acquisition underscores Keppel's strategic push to strengthen its portfolio in high-growth markets and capitalise on the growing demand for high-quality commercial spaces. The tech park spans a substantial area and is known for its modern design and eco-friendly features. It houses several leading technology and IT firms, contributing to its high occupancy rate and stable rental income. Keppel's decision to acquire the property is aligned with its broader strategy of investing in key international markets and sectors with promising growth prospects. The firm aims to leverage its expertise in managing and developing commercial real estate to enhance the value of One Paramount Tech Park. This transaction is also expected to benefit Chennai's commercial real estate market by adding a significant asset to its portfolio. The deal highlights Keppel's commitment to expanding its footprint in India and addressing the increasing demand for premium office spaces in the region.

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?