Samsung leases 357K sq ft Noida Brookfield floors for Rs 2 cr/month

This is one of the biggest office leasing deals in the technology space in recent years

In one of the biggest office leasing deals in the technology space in recent years, South Korean electronics major Samsung has taken 357,000 sq ft in Noida where it will pay a rent of Rs 278 crore for 10 years or about Rs 2 crore every month.
 
It has taken 10 floors at building 11, Candor TechSpace in Sector 135, Noida that is owned by Canada’s Brookfield. The lease period is 10 years.
 
Samsung will pay a rent of Rs 1.94 crore a month for the first three years and see around 15 per cent escalation every three