"NCW Prime Offices Fund Acquires 2.4 Million Sq. Ft. Office Campus in Chennai for ₹2,550 Crore"

In the recent acquisition of a 2.4 million sq. ft. office campus located in Porur, Chennai, Khaitan & Co acted as legal advisors to NCW Prime Offices Fund (PRIME), a commercial real estate-focused fund managed by Nuvama and Cushman & Wakefield Management Private Limited (NCW). The transaction involved a 100% buyout of the asset from Keppel Ltd for approximately ₹2,550 crore, marking PRIME’s second acquisition and a significant step in its strategy to build a portfolio of high-quality, ESG-compliant office assets in India’s rapidly growing micro-markets. The core team from Khaitan & Co included: - Deepak Jodhani (Partner) - Gautam Suseel (Partner) - Atif Ahmed (Senior Associate) - Aanchal Khandelwal (Associate) - Ishaan Nagarkatti (Associate) Additional team members involved in various aspects of the transaction were: - Due diligence: Purva Phadke (Principal Associate), Anadi Saxena (Senior Associate) - Structuring: Ruturaj Jere (Principal Associate), Sanjana Dwivedi (Associate) - Indirect tax: Mayank Jain (Partner), Pranay Sahay (Principal Associate) - Title due diligence and real estate: Kartik Shiv Kumar (Counsel), Shambhavi Kashyap (Associate) - Refinancing: Rolwine Alva (Partner), Arjun Gopalakrishnan (Principal Associate) - W&I insurance: Harsh Khemka (Partner), Avishek Banerjee (Senior Associate) - Employment: Deepak Kumar (Partner)

"NCW Prime Offices Fund Acquires 2.4 Million Sq. Ft. Office Campus in Chennai for ₹2,550 Crore"

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