23/7/2024, 11:15:06 am

Keppel acquires One Paramount 1 tech park in Chennai for Rs 2,100 crore

Keppel, a Singapore-based asset manager, has acquired One Paramount 1 tech park in Chennai for approximately ₹2,100 crore (around $270 million) from RMZ Corporation and Canadian pension fund CPP Investments. The deal was signed at a cap rate of around 8.5%, indicating a potential return on investment. The property has a gross leasable area of 2.4 million sq ft.