Mumbai: The Mukesh Ambani-owned media conglomerate Viacom 18 has entered into the town’s largest front-office leasing take care of Blackstone. The firm that can also be in talks to amass Disney’s enterprise in India, has leased 9 flooring in

One International Centre in central Mumbai, confirmed business sources.

While a proper settlement is but to be inked, a supply accustomed to the deal mentioned Viacom 18 will quickly transfer its base from Zion Bizworld in Vile Parle East near the Mumbai airport to Tower 4 of One International Centre.

“The deal has been finalised. They will take up 4,10,000 sq. ft of office space across nine floors. All Viacom 18 channels be integrated in one location,” he mentioned.

The leisure conglomerate, which has 38 televisions channels throughout normal leisure, films, sports activities, youth, music and youngsters and OTT platform Jio Cinema, will fork out an estimated month-to-month lease of ₹170 per sq. ft which is able to work out to ₹6.9 crore, business sources mentioned.

“The sheer size of the leasable area makes it a marquee deal. This is the largest front office leasing deal. Viacom 18 needed large floor plates of 45,000 sq. ft, and One International Centre Tower has that kind of space at a reasonable rent. Even Network 18 will move here in addition to the other channels,” mentioned the supply.

Among the latest massive leasing offers are Morgan Stanley leasing 86,200 sq. ft in Ok Raheja Corp’s Altimus industrial tower in Worli, and Boston Consulting Group (BCG) stitching up a leasing deal for 1,10,000 sq. ft at Maker Maxity in BKC.

Comparatively, nonetheless, the Viacom 18 gross leasable space is way bigger.

Blackstone-owned Nuclear Office Parks workplace portfolio has over 13 grade A properties throughout Mumbai, Gurugram, Bengaluru, Chennai, Ahmedabad, together with One BKC, 4 towers in One International Centre, One World Centre, and Prima Bay. The Green Building Certification Inc had final 12 months introduced that Nucleus Office Parks had change into the most important workplace portfolio with LEED certification.

Nucleus Office Parks and Viacom 18 didn’t provide any touch upon the deal.