Charles Schwab Leases 3.45 Lakh Sq Ft Office in Hyderabad
BENGALURU: Charles Schwab, a US-based financial services firm, has leased approximately 3.45 lakh sq ft of office space in Gachibowli, Hyderabad, as part of its expansion of global capability center (GCC) operations in India. The company has secured space in Phoenix Equinox Tower 2, a commercial property owned by Phoenix IT City Private Limited, located in Hyderabad’s prime IT corridor. According to documents from Propstack, “The five-year lease, based on the escalation structure, could result in a total rental commitment of around Rs 247 crore. The agreement also includes an annual rental increase of 5%, with a security deposit of…