In one of the largest office deals in the country, Godrej Properties sold 0.43 million sq ft of office space at its commercial project, Godrej BKC, in Bandra-Kurla Complex (BKC) area in Mumbai to pharma company Abbott for Rs 1,479 crore.
Abbott plans to build its Mumbai office in the space, which will house 1,500 employees.
Godrej BKC is a 1.3-million square feet project.
Pirojsha Godrej, Managing Director & CEO, Godrej Properties said, "This deal will be an important driver of our plans to unlock capital invested in our commercial portfolio and will hasten the pace of our growth going forward.”
“India is one of the most important places in the world for Abbott, and we’re investing here accordingly,” said Abbott Chairman and CEO Miles D. White.