Godrej Leases out 2-Lakh SQFT Office Space
Godrej Fund Management, the real estate private equity arm of the Godrej Group, has leased around 2 lakh sq ft office space at Godrej Two, a commercial office located at Vikhroli in Mumbai to Denmark-headquartered integrated container logistics company A.P. Moller – Maersk’s business units in Mumbai. JLL was the exclusive transaction advisor and has also been appointed as the project manager to complete fit-outs for this office space.
A.P. Moller – Maersk, the $39 billion company, brings its seven business units from four different locations under one roof at Godrej Two. It will initially occupy around 140,000 sq. ft. with an option to take additional space, after which the total space occupied would be around 200,000 sq ft. This is the largest co-location project that Maersk has undertaken in India. An estimated 1,100 employees will be coming together to work at the new office once it is ready towards the end of 2020.
Godrej Two is first of the development assets under GFM’s GBTC I programme and is jointly owned along with Godrej Properties. Godrej Two is a Grade ‘A+’ office development and a part of the larger mixed-use development ‘The Trees’.