Khaitan & Co advised has Prime Offices Fund (PRIME), a commercial real estate focused fund managed by Nuvama and Cushman & Wakefield Management Private Limited (NCW), in its acquisition of a marquee 2.4 million sq. ft. office campus located in Porur, Chennai.
The asset was acquired through a 100% buyout from Keppel Ltd at transaction value of approximately ₹2,550 crore, marking PRIME’s second acquisition and a significant milestone in its strategy to build a portfolio of future ready, high-quality, ESG-compliant office assets across India’s fastest-growing micro-markets.
The core team consisted of Deepak Jodhani (Partner), Gautam Suseel (Partner), Atif Ahmed (Senior Associate), Aanchal Khandelwal (Associate) and Ishaan Nagarkatti (Associate) with assistance from the following:
Due diligence aspects: Purva Phadke (Principal Associate) and Anadi Saxena (Senior Associate);
Structuring related aspects: Ruturaj Jere (Principal Associate) and Sanjana Dwivedi (Associate);
Indirect tax aspects: Mayank Jain (Partner) and Pranay Sahay (Principal Associate);
Title due diligence and real estate aspects: Kartik Shiv Kumar (Counsel) and Shambhavi Kashyap (Associate);
Refinancing aspects: Rolwine Alva (Partner) and Arjun Gopalakrishnan (Principal Associate);
W&I insurance aspects: Harsh Khemka (Partner) and Avishek Banerjee (Senior Associate); and
Employment related aspects: Deepak Kumar (Partner)
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