Swiss biotech major Roche’s India arm has recently acquired a sprawling office space spanning over 2 lakh square feet in Pune’s Baner locality, according to sources familiar with the matter. The office space was purchased from Brookfield Properties as part of its commercial project called 45Icon.
Roche Information Solutions India, the healthcare digital entity of the global pharmaceutical major, has agreed to a long-term lease of 9 years, with rental payments exceeding Rs 210 Crore.
An insider revealed, “The transaction has been finalized, and both parties have reached an agreement on the lease terms. The deal is expected to be officially registered in the coming days.” The 45Icon project is a collaboration between Brookfield Properties and Raviraj Abhinandan Developers, featuring a leasable area of approximately 4 lakh square feet on a plot spanning over 3.34 acres.
In addition to Roche, the commercial tower at 45Icon boasts prominent tenants, including Tarana Wireless, a US-based fixed wireless access solutions provider, and Infobeans Cloudtech, a leading cloud consulting and outsourcing company.
Last year, Roche Pharma announced the establishment of its second data analytics center in Hyderabad, marking its continued investment in India. Through Roche Information Solutions India, which was established in 2015, the company leverages data analytics and workflow integration to gain valuable insights that aid in enhancing patient care through efficient data management.
Brookfield Properties, one of the largest investors in Indian real estate, owns over 50 million square feet of properties across key cities in India. Despite concerns of a recession in Western markets and its potential impact on Indian commercial real estate, the office space segment has experienced a significant resurgence in demand over the past 3-4 quarters. This revival can be attributed to robust economic growth, increased hiring, and a gradual return of employees to physical office spaces.
At the time of publication, Roche had not responded to ET’s email queries, while Brookfield Properties declined to comment on the matter.
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