Viacom 18 Media secures prime office space in Mumbai’s One International Centre
Mumbai,12th October 2023: One International Centre Pvt Ltd is pleased to announce the extension of its licensing agreement with Viacom 18 Media Pvt Ltd, a leading media and entertainment company. According to the information from FloorTap.com-Market-Place for Commercial Properties, The agreement covers the prestigious property, unit no. 1401, along with entire floors 28, 29, 30, 31, 32, 34, 35, 36, in Tower 4 of One International Centre, located in the heart of Bandra Kurla Complex, Mumbai.
Property Details:
– Area: 4,09,827 sq ft
– Car Parking: 380 four-wheelers and 25 two-wheelers
– Starting Monthly Rent: ₹6,96,68,890
– Security Deposit: ₹41,80,13,340
– Starting Monthly Rent per sqft: ₹170
Key Agreement Terms:
– License Commencement Date: December 25th, 2023
– Rent Commencement Date: December 25th, 2024
– License Period: 60 months
– Lock-in Period: 60 months for both the licensor and licensee
– Rent Escalation: 4.5% per annum
This extended agreement represents a continued commitment to a fruitful partnership between One International Centre Pvt Ltd and Viacom 18 Media Pvt Ltd. It underscores their shared vision for creating a dynamic and innovative workspace within one of Mumbai’s most prominent business districts.
Furthermore, the agreement incorporates a unique arrangement with no rent for the first year, solidifying Viacom 18’s position within the premises.
Additionally, common area maintenance (CAM) charges have been outlined, with the first 6 months at 50% of ₹77,86,523 per month, and thereafter at ₹77,86,523 per month until the end of the license period.
The Licensees, Viacom 18 Media Pvt Ltd, are excited to continue their presence at One International Centre, further strengthening their operations and commitment to excellence in the media and entertainment industry.
