3.3 Lakh sq ft office space leased by Brookfield India REIT
Real estate investment trust company, Brookfield India REIT has leased over 3.32 lakh sq ft office space during the quarter that ended December. REIT has a leasing pipeline of 2.2 million sq ft including 0.9 million sq ft of new leasing prospects and expected renewals of 1.3 million sq ft in 2023-24.
As per information, total leasing in the December quarter includes 2.41 lakh sq ft of new leasing and 91,000 sq ft of renewals, along with a 12 percent average escalation in rentals on a 1.5 million sq ft already leased area. The REIT has also signed expansion options of 40,000 sq ft in Candor TechSpace, Sector 135, Noida.
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