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Axis Asset Management Company, Mutual Fund Investment Unit axis BankI have taken two floors on lease Macrotech Developers‘in the commercial tower MumbaiPeople familiar with the development said that its head office will be set up in Lower Parel.
Company’s headquarters – currently at Wadia International Center on Budhkar, Worli Way In line with its expansion and consolidation plan, it is expected to shift to this location shortly.
,Axis AMC It is likely to consolidate some of its existing Mumbai offices that support some of the key functions in this newly leased space,” said one of the persons quoted earlier, adding that the company will acquire over 63,000 sq ft in ‘One Lodha Place’. Has leased more office space. ‘For more than nine years.
The company will pay a monthly rent of Rs 1.2 crore for the office space spread over the 22nd and 23rd floors of the 39-storey tower, sources said, adding that the space has already been handed over to the new tenant. outside work.
questions sent Axis AMC and Lodha remained unanswered till press time. transaction advisor JLL India declined to comment.
According to sources, Axis AMC has made a security deposit equal to six months’ rent. The agreement includes a provision for a 15% hike in rent every three years, he said.
The company will pay around Rs 150 crore as rent during the entire lease period.
The top few floors of the tower are expected to be reserved for Lodha as the company plans to set up its head office there. Sources said that as part of the agreement, Axis AMC will get exclusive access to around 60 car parking slots in the commercial tower.
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