28,976 sq ft of office space leased by Neo Group firms in Mumbai
The Mumbai-based financial services and wealth management group, the Neo Group, has leased a combined 28,976 sq ft of office space in Mumbai.
Neo Wealth Management, Neo Markets Services, and Arvesta Financial Services lease this space across three adjoining units at Marathon Futurex in Lower Parel, Mumbai. This space is leased for 5 years with a total monthly rent of Rs 99.45 lakh (involves a 5% annual escalation in rent).
The lease distribution across the firms is as follows:
Neo Wealth Management Pvt. Ltd.
- Space Leased: Units 302 & 303 (Wing B) and Unit 304 (Wing C)
- Area: 16,231 sq ft
- Monthly Rent: Rs 54.26 lakh
- Lease Duration: 5 years
2. Arvesta Financial Services Pvt. Ltd.
- Space Leased: Unit 301 (Wing B)
- Area: 7,518 sq ft
- Monthly Rent: Rs 26.68 lakh
- Lease Duration: 5 years
3. Neo Markets Services Pvt. Ltd.
- Space Leased: Unit 305 (Wing C)
- Area: 5,212 sq ft
- Monthly Rent: Rs 18.50 lakh
- Lease Duration: 5 years
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