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Teva's arm Watson Pharma leases 100,000 sq ft in Mumbai

Watson Pharma would pay over Rs 12 crore annual rent

Raghavendra Kamath  |  Mumbai 

Global pharmaceutical major Teva’s arm Watson Pharma had rented 105,000 sq ft of office space in L&T Realty’s office complex in Navi Mumbai, said sources in the know. Watson Pharma would pay over Rs 12 crore annual rent, or Rs 95 per sq ft per month on built-up area or Rs 140 on carpet area, said sources.

Parent Teva was also expected to rent an additional 28,000 sq ft built-up area in the same Tower 2, L&T Seawoods Grand Central, Navi Mumbai, sources said. With the total take-up of 133,000 sq ft, it is the second biggest office lease deal in the last three ...

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First Published: Fri, September 08 2017. 00:58 IST
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