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Singapore-based Keppel Ltd acquires One Paramount 1 tech park for $264 m
The Morning Standard
|August 07, 2024
SINGAPORE-based global asset manager Keppel Limited has acquired the One Paramount 1 tech park in Porur, Chennai, for $264 million.
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Spread across 12.6 acres of land with 2.4 million square feet of leasable space, the prime office asset is owned by the RMZ Corporation - one of India's largest family-run alternative asset owners and Canada Pension Plan Investment Board (CPP Investments).
The asset comprises of three modern office towers, boasting of spacious floor plates, complemented by support retail and amenities. It also features a diverse tenant mix including global industry leaders like DOW Chemicals, Nielsen IQ, UPS, Maersk, Bechtel, Genpact, Hitachi Energy and VMware, among others.
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