World Trade Center Chennai

Chennai World Trade Center
உலக வர்த்தக மையம் (சென்னை)
General information
Type Office
Location Chennai, India
Construction started 2013
Completed Under construction
Technical details
Floor area 2,500,000 sq ft
Design and construction
Developer Brigade Group (India) and GIC (Singapore)

The World Trade Center Chennai is a commercial center under construction at Perungudi in Chennai, India. It is expected to be operational in 2018. The center will consist of 2,500,000 sq ft of office space. The complex will also include a conference/exhibition center. The centre is a member of the international World Trade Centers Association.[1]

History

In 2016, India's Brigade Group and Singapore's GIC, a sovereign wealth fund, jointly acquired a 16-acre land parcel at Perungudi, purchased from Kansai Nerolac Paints for ₹ 5378.6 million. The land acquisition was facilitated by Perungudi Real Estates, a special purpose vehicle formed by Brigade Enterprises and GIC, with the help of real estate firm Jones Lang Lasalle (JLL). Construction of a world trade center (WTC) and residential units, entailing an investment of more than ₹ 10,000 million has been planned on the land.[2]

The total floor space of the construction would be 2,500,000 sq ft.[3] The development will be led by the World Trade Centres Association (WTCA).[4]

See also

References

  1. ↑ "World Trade Center Chennai". WTCA. World Trade Centers Association. 2016. Retrieved 8 August 2016.
  2. ↑ "World Trade Center planned in Perungudi". The Hindu. Chennai: The Hindu. 31 March 2016. Retrieved 8 August 2016.
  3. ↑ Vaitheesvaran, Bharani (30 March 2016). "Brigade Group to build World Trade Centre in Chennai at cost of over Rs 1000 crore". The Economic Times. Chennai: IndiaTimes Group. Retrieved 8 August 2016.
  4. ↑ "Next World Trade Centre in Chennai Coming Soon". DIL News. Chennai: Delhi Infratech Limited. 31 March 2016. Retrieved 8 August 2016.
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