InvestorQ : Is it true that Fidelity has renewed its Bengaluru office at twice the rent? Is it a blow for WFH?
Rashi Mehra made post

Is it true that Fidelity has renewed its Bengaluru office at twice the rent? Is it a blow for WFH?

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Archita Jajjoo answered.
1 week ago
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I am not sure about the WFH part but it is true that Fidelity Investments has renewed its lease for 30,000 SFT office space at its Bengaluru Headquarters at double the rental of Rs.150/SFT from Xander. This is part of Embassy Golf Links Business Park in Bengaluru. Xander had bought it from Sanjay Ghodawat group.

CBRE was the adviser to the transaction and the deal confirms that there is renewed interest in Grade-A institutional office space. Earlier, Amazon had leased 260,000 SFT in suburban Mumbai while Standard Chartered had leased 770,000 SFT in Chennai.

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