Marsh McLennan renews lease for 1.75 lakh sq ft office in Mumbai’s Powai

April 18, 2023

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US-based professional services firm Marsh McLennan Global Services has renewed its lease for office space spread over 1.75 lakh sq ft in Mumbai’s Powai suburb for five years.

The company’s India arm has leased the office space In Supreme Business Park at a monthly rent of Rs 100 per sq ft that will see an escalation of 15% after initial three years.

Along with the office space, the company will also get exclusive access to a total 181 car parking slots. The transaction was concluded and registered on April 12, showed the documents accessed by ET.

ET’s email query to Marsh McLennan Global Services India and the commercial project’s developer Supreme Housing & Hospitality remained unanswered until the press time. Transaction advisor Cushman & Wakefield India declined to comment for the story.

Marsh McLennan is one of the world’s leading professional services firms in risk, strategy and people. In India, Marsh received its broking license from the Insurance and Regulatory Development Authority of India (IRDAI) and was established in 2003.

  • Published On Apr 18, 2023 at 06:19 PM IST

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