DBS set to lease 1 lakh sq ft of office space in Nariman Point

In the largest ever transaction in Nariman Point’s history, Singapore’s multinational bank DBS Bank is set to pick up 1 lakh sq ft of prime office space spread over total five floors in Blackstone Group’s commercial property, Express Towers, said two persons familiar with the development. Nariman Point has not recorded a single deal of this quantum ever, and this is a new record for the Central Business District that has been steadily losing its occupants to other business districts, including Bandra-Kurla Complex and Lower Parel.

“The deal is expected to be signed any time in the next two weeks. As part of the deal, the bank will get ground floor for its corporate branch, while four more floors will be used for its headquarters,” said one of the persons mentioned above.

Read more: Economic Times