Cyril Amarchand Mangaldas Advises J.P. Morgan on Setting Up Asia’s Largest Global Capability Centre

Cyril Amarchand Mangaldas (CAM) has advised J.P. Morgan Services India Private Limited (JPM) on the establishment of Asia’s largest Global Capability Centre (GCC). The landmark lease agreement involves approximately 1.3 million square feet of built-to-suit office space in the proposed tech park called “One Forest Avenue” in Powai, Mumbai. This deal is the largest single-user office leasing transaction in India to date.

The lease agreement was entered into with BSS Property Ventures Private Limited and Rajeshwar Property Ventures Private Limited, both affiliates of Brookfield Properties. The transaction was supervised by Namrata Kolar, Partner and Head of Real Estate at CAM.

The deal team was led by Harsha Sudhindra and Jaideep Kodali, both Partners at CAM, with support from Solomon Sone, an Associate. Siddharth Hariani, another Partner at CAM, along with Piyush Langde, Yashvi Shah, and Anjali Kadam, all Senior Associates and Associates, conducted the title due diligence for this transaction.

This significant deal underscores the growing importance of India as a hub for global business operations. The establishment of JPM's GCC in Mumbai is expected to bring substantial economic benefits, including job creation and the influx of advanced technology and expertise. It also highlights the robust legal and advisory services provided by firms like CAM, which play a crucial role in facilitating such large-scale business expansions.

Brookfield Properties, a global leader in real estate, has a strong presence in India and is known for developing high-quality commercial and residential properties. The development of “One Forest Avenue” is a testament to their commitment to creating state-of-the-art facilities that attract international corporations.

In conclusion, the successful completion of this deal is a significant milestone for both JPM and CAM, and it sets a new benchmark for office leasing in India. It is anticipated that this project will not only benefit the involved parties but also contribute to the overall economic growth and development of the region.