Archive · 25 Sep 2025
NCW to Acquire Chennai Office Complex for ₹2,500 Crore
Nuvama and Cushman & Wakefield are teaming up to buy an office building called One Paramount in Chennai.
This building has many businesses inside.
They are buying it from the Keppel Group for around ₹2,500 crore.
The building offers lots of space.
This is NCW’s second purchase in the last four months.
This allows Indian investors the ability to invest in high-quality real estate.
The building is in a prime location near key amenities and infrastructure.
Nuvama and Cushman & Wakefield JV to acquire One Paramount.
The property is a Grade-A office complex in Chennai.
Keppel Group acquired the property in July 2024.
The acquisition is valued at approximately ₹2,500 crore.
This is NCW’s second asset acquisition in the last four months.
- Who
- Nuvama and Cushman & Wakefield (NCW) are acquiring One Paramount from Keppel Group.
- What
- NCW is acquiring One Paramount, a Chennai office complex.
- When
- The acquisition is set to occur.
- Where
- Chennai, India
- Why
- NCW aims to provide domestic investors access to prime commercial real estate opportunities.
- Buyer
- Nuvama and Cushman & Wakefield JV (NCW)
- Seller
- Keppel Group
- Property
- One Paramount
- Location
- Chennai, India
- Acquisition Cost
- ₹2,500 crore
- Gross Leasable Area
- 2.4 million sq ft
- Tenants
- Genpact, Hitachi Energy, Maersk, and others
- Date of Article
- September 23, 2025