Keppel buys office asset in Chennai for ₹2,100 cr

Keppel acquired One Paramount 1 in Porur, Chennai for ₹2,100 crore from RMZ Corporation and CPP Investments. This 2.4 million sq ft tech park with an 8.5% cap rate hosts tenants like Genpact and Maersk. RMZ, in a 2021 joint venture with CPP, plans $25 billion in assets over five years despite challenges, contrasting global real estate trends.