India: Godrej Properties sells 435,000 sq. ft BKC office space to Abbott for $228m

India: Godrej Properties sells 435,000 sq. ft BKC office space to Abbott for $228m

Pirojsha Godrej, managing director and CEO of Godrej Properties, said the deal will help unlock capital invested in the commercial portfolio and speed up the company’s growth. Photo: Aniruddha Chowdhury/Mint

Pharmaceutical firm Abbott India Ltd on Wednesday bought 435,000 sq. ft at Godrej BKC in Mumbai’s Bandra-Kurla Complex for $228 million (Rs.1,479 crore) from its developer Godrej Properties Ltd to set up a corporate office.

Godrej Properties informed BSE that it has closed India’s largest commercial real estate deal with a single user forRs.1,479 crore, but did not reveal the name of the buyer.

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