Bank of Baroda has emerged as the highest bidder for Jet Airways’ 83,000 sq ft office space in Mumbai’s Godrej BKC, offering Rs 370 crore. Brookfield Asset Management, which already owns office space in the building, holds the right of first refusal and is likely to exercise it.
File Photo A government-appointed liquidator has put an entire office floor owned by defunct Jet Airways in commercial tower Godrej BKC in Mumbai’s business district Bandra-Kurla Complex (BKC) on the block. The liquidator has set a reserve price of Rs 335.24 crore for the property to be auctioned next month under the Insolvency & Bankruptcy Code, 2016. In 2020, as part of Jet Airways‘ insolvency proceedings, global alternative investment major Brookfield Asset Management had acquired the company’s two office floors in the building for Rs 490 crore. These offices are currently occupied by marquee tenants including World Bank and PayPal.…
