3.85 lakh sq ft warehousing space leased by MRF in Pune
Multinational tyre manufacturing company MRF has leased 3.85 lakh sq ft of warehousing space in the village of Sudvadi, located in Pune's Mawal. The space is leased through a long-term lease agreement extending over a total period of 10 years. MRF has entered into this lease arrangement with NDR Tradehouse and according to the terms of the lease, MRF will be paying an initial monthly rental of nearly Rs 1.05 crore.
The agreement is structured to include an annual rental escalation clause of 4.5 and the firm is expected to pay common area maintenance charges amounting to Rs 3.85 lakh per month.
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