Amazon India leases 2.6 lakh sq ft office space at Godrej Two in Vikhroli – ET RealEstate

MUMBAI: Godrej Fund Management, the real estate private equity arm of the Godrej Group, has entered into an agreement with Amazon India to lease nearly 2.6 lakh sq ft office space at Godrej Two, a commercial office building in Mumbai’s Vikhroli suburb.

The agreement is a combination of a lease and an option to lease additional space later totaling 2.6 lakh sq ft.

Godrej Two is first of the development assets under the private equity firm’s GBTC I program and is jointly owned along with realty developer Godrej Properties.

The office development project is part of the larger mixed-use development The Trees, which will be a mix of commercial, hospitality, retail and residential offerings. The larger development is already home to the global headquarters of the Godrej Group and other companies.

“We are delighted to welcome Amazon India to Godrej Two and look forward to further strengthening this partnership across our office portfolio…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,” said Karan Bolaria, MD & CEO, Godrej Fund Management.

JLL was the transaction advisor for this office space transaction.

Amazon India currently occupies nearly 40,000 sq ft in Godrej One and is looking to expand its presence here with this new lease deal.

Godrej Fund Management, the wholly-owned subsidiary of Godrej Investment Advisors and manages over $1 billion of capital across four funds.

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