3.45 lakh sq ft office space leased by WeWork and Hero MotoCorp in Delhi
Automotive maker Hero MotoCorp and co-working and office space solutions provider WeWork have leased around 3.45 lakh sq ft office space at Worldmark 6 in Aerocity, Delhi. Hero MotoCorp has leased about 2.31 lakh sq ft, while WeWork India has leased about 1.14 lakh sq ft from Alborz Developers.
Hero MotoCorp has leased the space spread over the ground, second, fifth, and sixth floors for a period of 9 years. The total estimated rent over the tenure is about Rs 593.8 crore. WeWork has leased the space on the 10th floor for a period of ten years. The total estimated rent over the tenure is about Rs 328.5 crore.
Both firms will get an initial six-month rent-free period after factoring.
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