650,000 sq ft office space leased by Airbus in Bengaluru
Aviation firm Airbus SE has leased 650,000 sq ft office space in a commercial tower in Bengaluru’s Whitefield. The space is leased through a long-term lease of 10 years to set up its global capability center (GCC). As per the update, the deal provides future scalability to accommodate growth with an additional 150,000 sq ft that can be exercised after a year, taking the total space to 800,000 sq ft.
Further, there is a clause for lease tenure that also includes an option to extend the same by an additional five years, making it a 15-year deal.
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