Apple leases space for Rs 2.44 crore in Bengaluru
Tech major Apple Inc has taken on lease for 10 years several floors of a commercial building built by Prestige Estates Projects in Bengaluru. As per the information made available starting monthly rent would be Rs 2.44 crore. The space is leased at a property located in the central business district of Cubbon Road in Bengaluru.
Apple is occupying 3 floors and portions of two other floors in the office building, spread over an area of 1,16,888 square feet, rent will be increased at 15 percent after every three years and the period of lock-in is five years for both parties.
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