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Morgan Stanley to consolidate Mumbai GIC operations to single campus in Goregaon

Monday, 13 Jul 2020
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Morgan Stanley and Oberoi Realty have concluded negotiations and reached a deal. Morgan Stanley will lease up to 1.1 million sq ft office space for 9.5 years from Oberoi Realty to consolidate Morgan Stanley’s Mumbai Global In-house Centre (GIC) operations to a single campus in the city. 
The new campus will be located at Oberoi Realty’s Commerz III building in Goregaon, Mumbai and ready in 2023. 
Supporting Morgan Stanley’s global Institutional Securities, Wealth Management and Investment Management businesses, the firm established the Mumbai GIC in 2003 and the Bengaluru GIC in 2014. 
Morgan Stanley India GICs house functions across technology, operations, fund services and finance, as well as specialised groups such as legal and compliance, corporate services, human resources operations and internal audit, amongst others. 
At present, GIC operations in Mumbai are delivered out of three locations. This is one of the largest office space transactions. 
Oberoi Realty’s Commerz III is a 2.3 million sq ft LEED certified mixed-use building with state-of-the-art infrastructure and a part of Oberoi Garden City (OGC), the flagship project of ORL. The Oberoi Garden City is spread over 80 acre and one-of-its-kind development in the city and a perfect example for the Walk to Work model with its residential, retail, hospitality, commercial developments and the Oberoi International School. 
With dedicated lobby, crèche, food services, health and wellbeing centre, learning and development facilities and executive co-working area, the new campus will be a dynamic workspace that will support greater flexibility, provide spaces for privacy, quiet tasks and equip teams for enhanced collaboration.


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