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Brookfield Properties rents out 3.5 lakh sq ft office space in Mumbai

Friday, 10 Jul 2020
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Brookfield Properties, a global real estate services company of Brookfield Asset Management, has leased 3.50 lakh sq ft office space at its Equinox Business Park in Mumbai, Maharashtra, to four corporate clients.

The company has leased the space to Boston-headquartered State Street Corporation, US conglomerate Hasbro, American-Canadian digital media and broadcasting company Vice Media, and Temasek Holdings’ portfolio company STTelemedia. These four global entities will be new tenants in the 10 acre complex near Bandra-Kurla Complex (BKC).

Brookfield Properties has also leased office space to one of its existing customers Tata Communications.

Brookfield Asset Management had acquired the commercial complex Equinox Business Park with 1.25 million sq ft leasable area across four towers in 2018 for Rs 2,450 crore from its erstwhile owner and developer the Essar Group. At that time, the business park had an occupancy level of around 40 percent.

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