Mastercard inks 20-year lease for 4.23 lakh sq ft office space in Brookfield's Pune property - ET RealEstate
Mastercard inks 20-year lease for 4.23 lakh sq ft office space in Brookfield's Pune property - ET RealEstate
Abstract
Mastercard's India arm has leased over 4.23 lakh sq ft office space in a commercial project. The space is being developed by Brookfield Properties in Pune’s Yerwada locality for a long-term tenure of over 20 years. The company also has an option to expand the deal size to 9.08 lakhsq ft going forward, and this is one of the largest office lease transactions with pre-commitment arrangement. Mastercard Technology will be paying monthly rentals. The space taken up by Mastercard is expected to be delivered in three phases between October 2022 and October 2024. The commercial project, jointly owned by BrookFIELD and Nephronia Ecopaces, is currently under construction.
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