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WeWork’s arm rents complete commercial building in Mumbai

Monday, 11 Feb 2019
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New York-based collaborative workspace company WeWork’s India arm has picked up an entire commercial building in Andheri, Mumbai, Maharashtra. The lease will run for nine years with a clause to reset rentals every three years.

The deal has already been concluded and the fit-out work is expected to start soon. The building, Vijay Diamond, with over one lakh sq ft carpet area in Andheri’s MIDC locality is spread over two-third of an acre and has a parking facility for around 200 cars.

WeWork India, started in July 2017, has been buying properties aggressively in a bid to expand its presence through a number of facilities. Currently, it has total 21 operational locations spread over three million sq ft with over 20,000 members.

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