Khaitan & Co advised NCW Prime Offices Fund on ₹2,550 crore acquisition of office campus in Chennai

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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