India, Sept. 25 -- Prime Offices Fund (PRIME), a commercial real estate focussed fund managed by Nuvama and Cushman & Wakefield Management Private Limited (NCW), a joint venture between Nuvama Asset Management Limited and Cushman and Wakefield, has acquired a 2.4 million sq. ft. office campus located in Porur, Chennai for Rs.2550 crore.

The asset, One Paramount, was acquired through a 100% buyout from Keppel's real estate division, at transaction value of approximately Rs.2,550 crores, marking PRIME's second acquisition, NCW said in a statement.

The Campus is a LEED Platinum development, leased to a diversified tenant base comprising both Global Capability Centres (GCC) and domestic technology majors. Located in one of Chennai's most at...