Godrej Properties completes single biggest transaction for end user commercial real estate with Abbott

Q.  Godrej Properties has completed the biggest transaction for single end user commercial real estate in India on 30th September with which pharmaceutical firm?
- Published on 02 Oct 15

a. Sun
b. Ranbaxy
c. Cipla
d. Abbott

ANSWER: Abbott
 
Godrej Properties has announced the sale of 4.35 lakh square feet in the new commercial tower, Godrej BKC at the Bandra Kurla complex for more than INR 1479 crore to pharma firm Abbott India Ltd. Market sources indicated this was the biggest transaction for a single end user commercial real estate in the country. The deal was brokered by property consultant Cushman & Wakefield. Abbott has indicated it will occupy more than 400,000 square feet of office space in the Godrej Building. Godrej Properties had collaborated with Jet Airways for developing a 19 storey office building in BKC in 2006.

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