Khaitan & Co advised Prime Offices Fund (PRIME) on acquisition of office campus in Chennai
The leading Indian law firm Khaitan & Co advised 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 a transaction value of approximately INR 2,550 crores, 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 Khaitan & Co team consisted of Deepak Jodhani (Partner), Gautam Suseel (Partner), Atif Ahmed (Senior Associate), Aanchal Khandelwal (Associate), and Ishaan Nagarkatti (Associate), with assistance from Purva Phadke (Principal Associate) and Anadi Saxena (Senior Associate) on due diligence aspects, Ruturaj Jere (Principal Associate) and Sanjana Dwivedi (Associate) on structuring-related aspects, Mayank Jain (Partner) and Pranay Sahay (Principal Associate) on indirect tax aspects, Kartik Shiv Kumar (Counsel) and Shambhavi Kashyap (Associate) on title due diligence and real estate aspects, Rolwine Alva (Partner) and Arjun Gopalakrishnan (Principal Associate) on refinancing aspects, Harsh Khemka (Partner) and Avishek Banerjee (Senior Associate) on W&I insurance aspects, and Deepak Kumar (Partner) on employment-related aspects.
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