NEW DELHI: Logitech Electronics India has signed a lease for a commercial office space in Bandra Kurla Complex (BKC), Mumbai, with total rental costs amounting to approximately ₹4 crore over a five-year span, as reported by Volney.
The company has leased Unit No. 407 on the fourth floor of the Trade Centre, a commercial building in BKC, covering an area of around 2,010 sq ft. The lease agreement features a five-year lock-in period with an annual rental increase of 5%.
ETRealty has contacted Logitech Electronics India and will provide updates based on their responses.
The Trade Centre is a Grade A commercial property developed by Wadhwa Developers, with the monthly rent set at ₹6.03 lakh and a security deposit of ₹81 lakh. The total rental commitment over the lock-in period is estimated at around ₹4 crore.
The transaction was facilitated by Narains Corporate in collaboration with Volney.
