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Edelweiss Securities leases 1 lakh sq ft in Adani Realty’s office tower in Mumbai’s BKC

The Economic Times

Kailash Babar |  ET Bureau

 

Financial services firm Edelweiss Securities has picked up nearly 1 lakh sq ft of office space in Adani Realty’s commercial project Inspire BKC in Mumbai’s business district Bandra-Kurla Complex (BKC) through a long-term lease extending to nearly a decade, people with direct knowledge of the development told ET.

 

The firm is expected to pay total rentals worth over Rs 285 crore over the tenure of the lease based on monthly rentals of Rs 220 per sq ft, including common area maintenance charges.

 

The agreement includes a rent escalation clause with 15% upward revision every three years. The deal is structured with a lock-in period of three years.

 

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