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ArcelorMittal Nippon Steel leases office space in BKC

Thursday, 25 Nov 2021
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ArcelorMittal Nippon Steel India (AM/NS India) has picked up two floors of prime office space in Bandra-Kurla Complex, Mumbai, Maharashtra, to set up its headquarters in the country.

AM/NS India, which is 60 percent owned by the world’s biggest steelmaker and the rest by Japan’s Nippon Steel, has leased over 45,000 sq ft office space in Raheja Towers for a tenure of five years.

The steel manufacturer will be occupying the entire sixth and seventh floor of the 15-storey commercial tower and will pay rental of Rs 250 per sq ft a month for the office space.

The five-year lease agreement includes a clause to escalate rentals by 15 percent after initial three years. The company may extend the lease term by an additional five years.

 
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