Office Space In Mumbai Acquired By Nykaa
Online beauty and fashion retailer Nykaa has taken up 27,128 sq ft of office space in south Mumbai's Prabhadevi. This comes as the firm looks to ramp up both online and offline presence after its public listing last year. The firm has taken up the new space at Cnergy IT Park, in Old Standard Mill Compound, where it already has about 13,000-14,000 sq ft of existing office space on a different floor.Â
The transaction entails a rental payout of about Rs 41.92 crore for a five-year lease tenure.