1.5 lakh sq ft space leased by DP World in Navi Mumbai
Emirati multinational logistics company DP World has picked up 150,000 sq ft office space spread across 3 floors of a commercial tower in Navi Mumbai through a long-term lease. The deal involves a 5% annual rental escalation, totaling Rs 65 crore.
As per the update, the agreement spans 5 years with a three-year lock-in period. DP World plans to set up its global capability center (GCC) here. It will be DP World’s fourth GCC facility in India after it opened technology centers in Hyderabad, Bengaluru, and Gurgaon.