Type Office Completed Under construction Construction started 2013 | Floor area 23 ha | |
Developer | ||
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.
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.
The total floor space of the construction would be 2,500,000 sq ft. The development will be led by the World Trade Centres Association (WTCA).