BNY Mellon likely to lease 1 million sq ft office space in Pune
Investment banking services company The Bank of New York Mellon Corporation (BNY Mellon) is in advanced talks to lease an entire tower with office space spread over nearly 1 million sq ft in Pune’s Kharadi locality. The space is to be leased from realty developer Prestige Group for a tenure of 9 years.
BNY Mellon is likely to use the office space to house its global capability center via BNY Mellon International Operations. The lease deal is expected to include a 15% rental escalation every three years.
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