Link Intime leases 60,000 sq ft office space in Mumbai’s 247 Park

Registry and financial services provider Link Intime India has picked up nearly 60,000 sq ft office space in commercial complex 247 Park — now owned by Blackstone Group — in the Vikhroli suburb of Mumbai on lease, said two persons familiar with the development. The total lease tenure is nine years with a clause of rental reset with 15% appreciation every three years. The company will be paying Rs 115 rental per sq ft a month, taking the annual lease to Rs 9 crore. “The deal is concluded and was registered recently. Link Intime will start operating from this space in the next few months,” said a person mentioned above.

Read more: Economic Times