NE BUSINESS BUREAU
CHENNAI, NOV 27
Axis Commercial Real Estate Fund (Axis CRE Fund), in partnership with global real estate major Tishman Speyer, has broken ground for “The Cube”, a Grade-A commercial development coming up at FinTech City, Nandambakkam—a flagship infrastructure initiative conceptualised by TIDCO. Axis CRE Fund secured one of the first two plots through a competitive auction process.
The ceremony, held at the project site, was attended by key leaders from the Tamil Nadu government and industry, including TRB Rajaa, Minister for Industries; T M Anbarasan, Minister for MSME; Arun Roy, Industries Secretary; and Sandeep Nanduri, Managing Director, TIDCO. Axis Asset Management Company was represented by B Gopkumar, while Tishman Speyer India was represented by Parvesh Sharma.
- 400,000 sqft Grade-A office project to anchor Tamil Nadu’s BFSI and fintech growth
- Strategic alliance marks first investment under Axis CRE Fund’s development-led model
The joint development will create approximately 400,000 sq ft of premium commercial space designed for BFSI and fintech enterprises, further strengthening Chennai’s standing as one of India’s fastest-growing business hubs. The Cube will feature contemporary amenities, sustainable design standards and future-ready infrastructure tailored for high-performance financial and technology operations.
Gopkumar said the development reinforces the fund’s confidence in Tamil Nadu’s rapid economic momentum. Rajaa described the project as a symbol of Tamil Nadu’s capability to create world-class infrastructure that attracts top global companies and talent. Sharma emphasised Chennai’s rise as a dynamic commercial market and highlighted The Cube as a major milestone in Tishman Speyer’s India growth trajectory.
The Cube also marks the first investment of the Axis Commercial Real Estate Fund, a Category II AIF that focuses on development-stage commercial real estate in eight key Indian markets. Through its partnership with Tishman Speyer, the fund aims to build high-quality office assets capable of drawing leading global and domestic tenants.