2.83 lakh sq ft of office space leased by IBM India in Bengaluru
US-based tech firm IBM's India arm, IBM India, has leased over 2.83 lakh sq ft of office space at Radon Tower in Bagmane Solarium City, an IT park in Bengaluru.
The space is leased from Akruthi Infra-Build Developers Private Limited for a period of 10 years at a monthly rental of Rs 2.98 crore, involving a 15% escalation every 3 years. According to the estimates, the total rent outflow for the period of lease would be around Rs 522 crore.
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