Viacom 18 Media Secures Prime Office Space in Mumbai’s One International Centre
One International Centre Pvt Ltd is thrilled to announce the extension of its licensing agreement with Viacom 18 Media Pvt Ltd, a renowned media and entertainment company. This significant development solidifies Viacom 18’s presence in Mumbai’s thriving business hub.
According to information sourced from FloorTap.com – Market-Place for Commercial Properties, the agreement encompasses unit no. 1401 and entire floors 28, 29, 30, 31, 32, 34, 35, and 36 in Tower 4 of One International Centre, strategically located in the heart of Bandra Kurla Complex, Mumbai.
Property Details:
- Total Area: 4,09,827 square feet
- Car Parking: Accommodating 380 four-wheelers and 25 two-wheelers
- Starting Monthly Rent: ₹6,96,68,890
- Security Deposit: ₹41,80,13,340
- Starting Monthly Rent per square foot: ₹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 signifies a continued commitment to a thriving partnership between One International Centre Pvt Ltd and Viacom 18 Media Pvt Ltd. It reinforces their shared vision for creating a dynamic and innovative workspace within one of Mumbai’s most prominent business districts.
Notably, this agreement features a unique arrangement with no rent for the first year, underscoring Viacom 18’s strong foothold within the premises.
Furthermore, the agreement outlines common area maintenance (CAM) charges, with the first 6 months incurring costs at 50% of ₹77,86,523 per month, and subsequently at ₹77,86,523 per month until the end of the license period.
Viacom 18 Media Pvt Ltd, the licensees, express their enthusiasm for the continued presence at One International Centre. This move further solidifies their operations and their unwavering commitment to excellence in the media and entertainment industry.
