Nuvama-C&W Fund Buys Chennai Office Campus for Rs 25.50 Bn

01 Oct 2025 CW Team

Nuvama and Cushman & Wakefield-backed realty fund has acquired a 24-lakh sq ft office campus in Chennai from Singapore-based Keppel group for Rs 25.50 billion, marking one of the largest office space deals in the city.

The transaction was executed by Nuvama and Cushman & Wakefield Management (NCW), a 50:50 joint venture between Nuvama Asset Management and global real estate services firm Cushman & Wakefield. The acquisition was made through NCW’s flagship vehicle, the Prime Offices Fund (PRIME), which had marked its first close earlier in 2025.

The fully acquired asset, located in Porur, Chennai, was purchased from Keppel’s real estate division for approximately Rs 2,550 crore. Spread across 2.4 million sq ft, the campus significantly enhances the fund’s portfolio of institutional-grade commercial assets in India.

PRIME is focused on investments in premium commercial office properties across key high-growth micro-markets in the country. This marks the fund’s second major acquisition since its inception.

Commenting on the transaction, Gaurav Puri, Chief Investment Officer, NCW, said: “This second acquisition under PRIME is a strong validation of our strategy and execution. With this, we are reinforcing our commitment to building a portfolio that reflects the evolving priorities of global occupiers: sustainability, agility, and institutional-grade quality.”

News source: Business Standard

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..