Tata Communications has picked up 60,000 sq ft of office space on lease at Parinee Crescenzo in Mumbai’s Bandra-Kurla Complex, said two persons familiar with the development, making it the largest office space transaction in the alternative business district so far this financial year. “The company has picked up the entire 15th floor in this 20-storey building through this deal for a total tenure of five years,” said one of the persons mentioned above. An email query to Tata Communications remained unanswered till press-time. As per the terms of the deal, Tata Communications will be paying monthly rentals of 215 per sq ft for the initial three years of the total tenure, and the lease rentals will be reset for the next two years after that. Tata Communications will also get a total of 60 car parks as part of the deal.
Read more: Economic Times
