Stanchart to set up largest global campus in Chennai on 7L sft

DLF, India’s leading real estate company has inked an anchor deal with Standard Chartered GBS for their office building at DLF Downtown, Taramani, here. In one of the largest commercial office space deals in India during recent times, Standard Chartered GBS is leasing 7.7 lakh sq ft to set-up its largest office establishment in this project.

DLF and GIC, Singapore’s sovereign wealth fund (Government of Singapore) had entered into a strategic partnership to develop a rental assets portfolio with GIC as 1/3rd partner, under the consolidated portfolio of DLF Cyber City Developers Ltd (DCCDL), a subsidiary of DLF Ltd.

DCCDL, the joint venture of DLF-GIC, and TIDCO, announced the launch of this iconic development - DLF Downtown, Chennai with an investment of 5,000 crores, earlier this year. The building is designed by world-renowned architects Gensler, accounting the needs of the future of work and employee well-being and collaboration.

Standard Chartered GBS office in DLF Downtown, Chennai will be its largest campus globally. Sriram Khattar, MD, DLF Rental Business, said “We are indeed delighted at the confidence and trust reposed by SCB in DLF. We will continue our passionate journey of providing safe and sustainable workspaces matching global standards.” Amit Grover, ED, DLF Offices, said, “This strategic partnership is a testament to the success of our vision of new-age workplaces. The building design would be unique in India with the futuristic view of experience in the post-pandemic world, redefining office experience in Chennai. DLF Downtown project spanning over 27 acres is planned as a multi-block campus development with inter-connected office blocks at the podium level and a host of retail amenities for a perfect work-life integration.” An agency report said India’s office-property market has been attracting large global buyers in recent years, with investors including Blackstone LP and Brookfield Asset Management Inc looking to purchase rent-yielding local properties backed by marquee clients. DLF Downtown is a mixed-use development project on the famed IT corridor.