21 Oct DLF inks one of the largest deal in Commercial Real Estate in 2020 for an upcoming project DLF Downtown Taramani with Standard Chartered GBS
DLF, India’s leading real estate company has inked an anchor deal with Standard Chartered GBS for their office building at DLF Downtown, Taramani, Chennai. 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 Downtown, a mixed-use development project, is strategically located in the heart of Old Mahabalipuram Road at Taramani, the IT Central Business District of Chennai which is already home to over 100+ MNCs and top Indian companies.
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 wellbeing and collaboration.
Standard Chartered GBS office in DLF Downtown, Chennai will be its largest campus globally. The unique building design with a wider span of atriums, interconnecting internal staircases, terraces and skylight -is a highly experiential workspace for employees to connect, collaborate and belong.
Commenting on the new announcement, Sriram Khattar, Managing Director, DLF Rental Business, said “We are indeed delighted at the confidence and trust reposed by SCB in DLF. We welcome Standard Chartered GBS to our family and will do our best to develop a landmark building while ensuring the safety and wellness of SCB employees. We will continue our passionate journey of providing safe and sustainable workspaces matching global standards”.
Amit Grover, Executive Director, 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. 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. It will redefine the office experience in Chennai.”
It will redefine the office experience in Chennai with its futuristic and sustainable design, highest safety and sustainability standards in the post-pandemic world. This includes reduced carbon footprint with multiple sustainability initiatives.
DLF recently received WELL building certification for its office buildings and had previously attained the prestigious platinum LEED certification by the U.S. Green Building Council under category ‘Operations & Maintenance’. Similarly, the company has also set new benchmarks in occupational safety and security of its tenants’ employees which are duly recognized by the British Safety Council. It has the distinction of being the only company in the world to receive 13 Swords of Honour in a single year.