Logitech Electronics India Secures New Office Space in Mumbai's BKC
NEW DELHI: Logitech Electronics India, a leading technology company, has leased a commercial office space at the Bandra Kurla Complex (BKC) in Mumbai. The lease agreement, facilitated by Volney and Narains Corporate, involves a total rental outgo of approximately ₹4 crore over a five-year period.
The company has taken on lease Unit No. 407 on the fourth floor of Trade Centre, a Grade A commercial property developed by Wadhwa Developers. The leased premises have a carpet area of approximately 2,010 sq ft. The lease agreement includes a lock-in period of five years with an annual rental escalation of 5%.
According to the document shared by Volney, the monthly rent for the office space is ₹6.03 lakh, and the security deposit stands at ₹81 lakh. Over the lock-in period, the total rental commitment is estimated at around ₹4 crore.
Trade Centre, located in the heart of BKC, is a prominent commercial hub in Mumbai, known for its modern infrastructure and strategic location. This move by Logitech Electronics India underscores the company's commitment to expanding its operations in one of India's most dynamic business districts.
The transaction was managed by Narains Corporate in partnership with Volney, highlighting the importance of professional real estate services in facilitating such significant business moves. BKC continues to attract leading companies due to its excellent connectivity, vibrant business environment, and world-class amenities.
Logitech Electronics India, a subsidiary of Logitech International, is a global leader in designing and manufacturing personal peripherals and software. With this new office space, the company aims to enhance its operational efficiency and better serve its growing customer base in India.
The lease agreement is a strategic move that aligns with Logitech's long-term growth plans and reinforces its position in the Indian market. The company's decision to locate in BKC reflects the area's reputation as a premier business destination in Mumbai.
ETRealty has reached out to Logitech Electronics India for further comments and will update the story based on their responses.
