Barclays renews lease for 1 lakh sq ft office space in Mumbai’s Goregaon
British multinational universal bank Barclays aim to provide customers with banking services in new and innovative ways, embracing technology as a means of making things
British multinational universal bank Barclays aims to provide customers with banking services in new and innovative ways, embracing technology as a means of making things
simpler, more transparent, and more secure. Barclays is one of the most recognizable brands in the UK. Barclays serves customers across a wide range of retail banking needs, from credit
British multinational universal bank Barclays has renewed its long-term lease for office space spread over three floors measuring nearly 1 lakh sq ft in a commercial complex in Goregaon suburb of Mumbai, said persons with direct knowledge of the development.
UK-based banking major Barclays leased 1,80,000 sq ft of space at Nirlon Knowledge Park in the Goregaon area of Mumbai for its back-end operations. The deal was stuck at a monthly rental of about INR 1.8 crore or INR 95 an sq ft a month. In doing so, Barclays joined the club of other multinationals such as Deutsche Bank, Morgan Stanley, and Citigroup that have back offices in the IT Park promoted by BSE-listed Nirlon.
The bank and three of its group entities including Barclays Securities India and Barclays Global Service Center have renewed the lease for the space with a total rental commitment of INR 160 crore.