Boston Scientific leases over 1.3 lakh sq. Ft. in Pune for new GCC.
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Boston Scientific leases over 1.3 lakh sq. Ft. in Pune for new GCC. Audio Player Boston Scientific has leased more than 130,000 square feet of office space in Pune through a long-term agreement to establish its Global Capability Centre (GCC). According to property documents accessed through Propstack, Boston Scientific Technology and Engineering Services has leased 130,682 sq. ft. across the sixth and seventh floors of Eon West LP II, Tower D, located in Wakad. Long-Term lease signed for 9.5 years. The office premises have been leased from Wakad Realty Pvt Ltd under a fresh agreement that commenced on April 1. The lease has been signed for a tenure of approximately 9.5 years at a monthly rental of around Rs 86.58 lakh, with a rental rate of Rs 66.25 per sq. ft. per month. The agreement also includes: * A 15% rental escalation every three years * A security deposit of approximately Rs 3.90 crore * A hard option to lease the eighth floor until March 2027, indicating potential expansion plans Pune continues to attract GCC investments. The article noted that Pune has continued to witness strong leasing activity from Global Capability Centres, engineering firms, and technology companies. Industry demand has been supported by: * comparatively lower occupancy costs * availability of large-format office developments * growing engineering and technology talent...
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