{"id":"f-8b070c46fc-c15e2d45-a3cf-51d2-ac33-db95b50675e4","title":"JP Morgan leases 2.71 lakh sq ft office space from Cowrks in Mumbai at Rs 9 cr monthly rent","description":"New Delhi, Jan 12 (PTI) JP Morgan has taken on lease 2","timestamp":1768236167,"category":"business","headline":"JP Morgan leases 2.71 lakh sq ft office space from Cowrks in Mumbai at Rs 9 cr monthly rent","modifiedHeadline":"JP Morgan Leases Mumbai Office for Rs 9 Cr","subCategories":["scid_4a0451c7"],"region":"IN","bundleMetaData":{"bundleId":"7b48871c-c993-4956-b43d-6f46f8e1b036","bundleTitle":"Today In India","cardData":null},"iabCategoryId":"53","fcSummary":"JP Morgan leased 2.72 lakh sq ft of Mumbai office space from Cowrks for a monthly rent of ₹9.23 crore, starting in April. The lease, for 60 months, includes a 5% annual rent increase. The agreement involves Cowrks, JP Morgan, and property owner Kairos Properties.","summary":"JP Morgan's Mumbai expansion: Leases 2.71 lakh sq ft from Cowrks at a staggering Rs 9 crore monthly rent. A major financial commitment!","ctaUrl":"https://trends.glance.com/newz/India_News/IN/en/pti/f-8b070c46fc-c15e2d45-a3cf-51d2-ac33-db95b50675e4","sourceUrl":"http://www.ptinews.com","bannerImage":"https://g-mob.glance-cdn.com/public/dynamic/720x1280/61333bd870bf676651e98ba0c8f93e8923a7ad65.webp","content":"

New Delhi, Jan 12 (PTI) JP Morgan has taken on lease 2.72 lakh sq ft office spaces in Mumbai from Cowrks for a starting monthly rent of Rs 9.23 crore, according to CRE Matrix.

Real estate data analytic

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firm CRE Matrix has accessed the lease agreement from the Maharashtra government.

Global financial services firm JP Morgan Services India Pvt Ltd has taken on lease 2,71,955 sq ft area at One Downtown Central (Crisil House) Building, in Powai, Mumbai.

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The lease agreement was signed in December between Cowrks India Pvt Ltd, JP Morgan Services India Pvt Ltd, and Kairos Properties Pvt Ltd, as per the CRE Matrix.

Kairos Properties is the owner of the property and it has given on lease to Cowrks, which is owned by Brookfield.

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The starting monthly rent is Rs 339.4 per sq ft translating into Rs 9.23 crore for a month.

JP Morgan has taken on lease for 60 months. The rent will commence from April. There is a clause of rent escalation of 5 per cent every year. PTI MJH TRB

TRB

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JP Morgan leases 2.71 lakh sq ft office space from Cowrks in Mumbai at Rs 9 cr monthly rent

SUMMARY