Godrej Fund Management, the real estate private equity arm of the Godrej Group, has entered into a deal, which is a combination of a lease and an option to lease for ~ 2.6 lakh sq. ft. of office space at Godrej Two, a commercial office building located in Vikhroli, Mumbai to Amazon India’s business units in Mumbai.
Godrej Two is first of the development assets under GFM’s GBTC I program and is jointly owned along with Godrej Properties. Godrej Two is a Grade ‘A+’ office development and a part of the larger mixed use development ‘The Trees’. ‘The Trees’ is a vibrant mix of commercial, hospitality, retail and residential offerings designed to drive innovation and enterprise. The larger development is already home to the global headquarters of the Godrej Group and other marquee companies.
Amazon India currently occupies ~ 0.4 lakh sq. ft. in Godrej One and is looking to expand its presence in The Trees at Mumbai with this new lease deal.
JLL was the exclusive advisor for this office space transaction.
Karan Bolaria, Managing Director & CEO, Godrej Fund Management, said, “We are delighted to welcome Amazon India to Godrej Two and look forward to further strengthening this partnership across our office portfolio. Godrej Two is a true grade-A building that is future ready, flexible and sustainable and will cater to the changing needs of global organization’s operating out of India. This deal is a further validation of our funds’ investment strategy that is focused on creating a portfolio of world-class office buildings across the country.”