Fidelity Group’s global investment firm Eight Roads Investment Advisors has picked up a sea-view front office spread over an entire floor in a commercial tower, Avighna House, in Mumbai’s plush Worli locality at record monthly lease rentals of Rs 561 per sq ft.
The agreement includes a clause to escalate rentals by 9.75% every two years.
The company has leased 6,150 sq ft (total usable area) on the 16th floor of Avighna House, located on Dr Annie Besant Road, Worli, in Mumbai, at a starting monthly rent of Rs 34.50 lakh per month, including common area maintenance (CAM) charges, the documents showed.