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

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..