Samsung renews lease for 4 lakh sq ft office space in Bengaluru at an annual rent of over ₹50 crore|Hindustan Times
Samsung Research And Development Institute has renewed its lease for 4.02 lakh square feet space in Bengaluru’s Bagmane Goldstone tower, documents accessed by real estate data analytics platform Propstack showed. According to the documents, the South Korean tech giant first took up the said space in Bagmane World Technology Centre, located in Mahadevapura of Bengaluru East, in 2019. The lease period extended till April 5, 2024, for 4 lakh square feet of space spread across several floors, alongside 562 car parking slots. The terms of the agreement included a rental fee of ₹80 per square feet a month, with escalation of 5% every year.
