Sanofi India, a French subsidiary of multinational pharmaceutical company Sanofi has acquired office space from L&T Realty at its new project in Powai, Mumbai.
Sanofi India has acquired 150,000 sq ft office space for Rs 220 crore. The company is planning to shift its India headquarters from Andheri once this new built-to-suit exclusive building is ready. This deal will be used as part of investment in the construction of the building. L&T is constructing the proposed 10-storey office building. The project is expected to be commissioned by June 2015. The new building is a part of L&T Business Park, the commercial complex from where JP Morgan and L&T Infotech currently operate. Sanofi India plans to shift its India headquarters from Andheri once this new building is ready.