World Trade Center Chennai Explained

World Trade Center Chennai
Location:Perungudi, Chennai, India
Status:Completed
Start Date:2013
Completion Date:2020
Address:110 Old Mahabalipuram Road, Perungudi, Chennai 600096
Building Type:Office
Roof: (Tower 1)[1]
(Tower 2)[2]
Top Floor:27 (Tower A)
19 (Tower B)
Floor Count:28 (Tower A)
20 (Tower B)
Floor Area:
Tower 1:
Tower 2:
Architect:HOK, New York
Developer:Brigade Group (India) and GIC (Singapore)
Owner:Brigade Group, GIC
References:Tower 1[3]
Tower 2[4]
Coordinates:12.9616°N 80.2452°W

The World Trade Center, Chennai is a 28-storeyed commercial and residential centre in Chennai, India. Located at Perungudi, it was made operational in March 2020. The centre consists of 1800000square feet of office space. The complex also includes a conference/exhibition centre. The towers are IGBC LEED Platinum and USGBC LEED Gold certified. The centre is a member of the World Trade Centers Association (WTCA).[5] Tower A of the WTC complex is the tallest commercial establishment in the city.

History

In 2016, India's Brigade Group and Singapore's GIC, a sovereign wealth fund, jointly acquired a 16acres land parcel at Perungudi, purchased from Kansai Nerolac Paints for . 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 centre (WTC) and residential units, entailing an investment of more than was planned on the land.[6] [7] The foundation stone was laid on 9 June 2017. Initially expected to be operational by March 2020, the centre became functional officially in September 2021.

Features

The complex consists of five towers, including two office towers, a hotel tower and two residential towers (the latter three are currently under construction). Built on a 15acres plot and developed as a Grade A++ commercial development, all the towers have three basements. The first office tower (Tower A) has 28 floors (ground and 27 floors) above the street, the second office tower (Tower B) 20 floors (ground and 19 floors), the third tower (hotel) 8 floors, and the fourth (restaurant) and the fifth (cafeteria and utility) towers 5 floors each. The total floor space of the construction would be 2500000square feet.[8] The 28-storied Tower A has a total floor space of 1.2abbr=offNaNabbr=off, with a typical floor area of 50000square feet. Tower B has a typical floor area of 44000square feet. The complex has three levels of combined basement and includes development of more than 1.8abbr=offNaNabbr=off of premium office space spread across two towers. Upon completion, Tower A will be the tallest commercial structure in Chennai. It consists of premium retail and hotel within the campus.[9] The complex has a frontage of on the Old Mahabalipuram Road. Once fully operational, the WTC can house 20,000 to 25,000 employees.[6] 298-unit high-end residential apartments will also be constructed.[6] The apartment block consists of 27-storeyed (G+26) twin towers to be built on 5acres of land. Besides, there will be another tower with 80 Marriott Exclusive apartments. These towers are to be completed by October 2024.

The development will be led by the WTCA. The WTC has become an important landmark of Chennai city.[10]

The total development potential of the complex is 2.6abbr=offNaNabbr=off.[6]

Operations

The WTC officially become functional in September 2021 with its first occupant, Kissflow Inc., a software-as-a-service (SaaS) company, moving its 350 employees into its WTC office.[11] [12] In March 2022, Amazon opened its office at the WTC, occupying 18 floors across 830000square feet to accommodate 6,000 employees.[13] [14]

As of June 2024, the WTC is over 90% leased and houses marquee tenants.[15] [16]

See also

External links

Notes and References

  1. Web site: World Trade Center Chennai 1 . Emporis.com . https://web.archive.org/web/20210903153906/https://www.emporis.com/buildings/1579906/world-trade-center-chennai-1-chennai-india . dead . 3 September 2021 . 3 September 2021.
  2. Web site: World Trade Center Chennai 2 . Emporis.com . https://web.archive.org/web/20210903153943/https://www.emporis.com/buildings/1579907/world-trade-center-chennai-2-chennai-india . dead . 3 September 2021 . 3 September 2021.
  3. Web site: Emporis building ID 1579906 . https://web.archive.org/web/20210903153906/https://www.emporis.com/buildings/1579906 . dead . 3 September 2021 . Emporis.
  4. Web site: Emporis building ID 1579906 . https://web.archive.org/web/20210903154115/https://www.emporis.com/buildings/1579907 . dead . 3 September 2021 . Emporis.
  5. Web site: World Trade Center Chennai . 2016 . WTCA . World Trade Centers Association . 8 August 2016 .
  6. News: Kandavel . Sangeetha . WTC to open doors in March 2020 . The Hindu . Chennai . 6 . Kasturi & Sons . 19 October 2019 . 20 October 2019.
  7. News: World Trade Center planned in Perungudi . The Hindu . Chennai . The Hindu . 31 March 2016 . 8 August 2016.
  8. News: Vaitheesvaran . Bharani . Brigade Group to build World Trade Centre in Chennai at cost of over Rs 1000 crore . The Economic Times . Chennai . IndiaTimes Group . 30 March 2016 . 8 August 2016.
  9. Web site: Foundation Stone Laying Ceremony of WTC Chennai . 2017 . WTCA . World Trade Centers Association . 12 May 2017 .
  10. News: Next World Trade Centre in Chennai Coming Soon . DIL News . Chennai . Delhi Infratech Limited . 31 March 2016 . 8 August 2016.
  11. News: SaaS company Kissflow Inc moves into WTC Chennai . Business Line . Chennai . Kasturi & Sons . 6 September 2021 . 9 November 2021.
  12. News: Hariharan . Sindhu . Your office wants you back: Corporate Tamil Nadu is reopening doors to employees . The Times of India . Chennai . The Times Group . 18 October 2021 . 9 November 2021.
  13. News: Hariharan . Sindhu . Amazon opens new office in Chennai, its second largest in India . The Times of India . Chennai . The Times Group . 29 March 2022 . 10 May 2022.
  14. News: TN CM Stalin inaugurates Amazon’s new office in Chennai that can support 6000 employees . The Indian Express . Chennai . Express Publications . 30 March 2022 . 10 May 2022.
  15. News: Brigade Group plans to make Chennai it second home, to invest ₹8,000 cr by 2030 . The Hindu . Chennai . Kasturi & Sons . 12 June 2024 . 21 June 2024.
  16. News: Brigade Group launches premium mixed-use development project 'Brigade Icon' in Chennai . Business Standard . Chennai . BS . 12 June 2024 . 21 June 2024.