Google leases one lakh sq ft office space in BKC

The total tenure of the lease is nine years and the contract includes a clause to cover 15 per cent rental escalation every three years

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In Mumbai’s secondary business district Bandra-Kurla Complex (BKC), internet giant Google Inc has picked up over one lakh sq ft office space in First International Financial Centre (FIFC) Tower, partly owned by the US private equity major Blackstone Group, through a long-term lease, said two people with direct knowledge of the development.

The office space spread over two floors in FIFC will attract monthly lease rental of ₹275 per sq ft. The total tenure of the lease is nine years and the contract includes a clause to cover 15 per cent rental escalation every three years.

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Google has a total of four offices in India, including its country headquarters in Hyderabad. In Mumbai, its current office spread over 20,000 sq ft and is located at BKC’s North Avenue Maker Maxity. The company is in the process of shifting from this complex to the five times bigger office in FIFC.

The 12-storey FIFC Tower counts global companies, including Oracle and McKinsey & Company, as other key occupiers, while part-owner Citigroup occupies a total of six floors. Citibank’s India headquarters is housed in this tower. 

Around three lakh sq ft, or nearly half of the 6.57 lakh sq ft building, is owned by global banking major Citibank Group. 

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