Ahmedabad-based developers HN Safal and Goyal & Co. have secured a significant deal with Airbus, leasing the European aerospace corporation 6.2 lakh sq ft of office space in Bengaluru for 10 years at a cost of Rs 500 crore.
Under the lease agreement, Airbus will pay a minimum of Rs 500 crore in rent over 10 years, with an annual rental of Rs 50 crore for the property in Titanium Tech Park in Whitefield. The rental value will increase with a clause of 15 percent increment every three years.
Ahmedabad-based developers HN Safal and Goyal & Co. have secured a significant deal with Airbus, leasing the European aerospace corporation 6.2 lakh sq ft of office space in Bengaluru for 10 years at a cost of Rs 500 crore.
Under the lease agreement, Airbus will pay a minimum of Rs 500 crore in rent over 10 years, with an annual rental of Rs 50 crore for the property in Titanium Tech Park in Whitefield. The rental value will increase with a clause of 15 percent increment every three years.
Whitefield developers
This story is from the December 17, 2024 edition of Ahmedabad Mirror.
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This story is from the December 17, 2024 edition of Ahmedabad Mirror.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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