Tuesday, September 16, 2014

Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN




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2point6billion.com discusses business and investment news rising from the geopolitical relations of China and India, and the interactions these two countries have with the rest of emerging Asia.




Goldman Sachs Secures Biggest Ever Office Lease in India

May 25 – U.S. banking group Goldman Sachs has signed a deal to lease 1.6 million square feet of office space in Bangalore, in the biggest recorded commercial property deal to date in India. The space is equivalent to nine full sized football fields.

The deal will see the bank initially taking up 1 million square feet followed by another 600,000 square feet in two years. The space, housed in a purpose-built block of three buildings for Goldman, is located on Bangalore’s Sarjapur Outer Ring Road, and is being built on 14 acres by a local developer. Completion is set for 2017.

“India’s economy has had a rough ride recently, and the politicians haven’t helped as much as they could have,” says Chris Devonshire-Ellis of Dezan Shira & Associates. “Yet the basic fundamentals remain strong – a young and increasingly wealthy society, able to both offer low wages on one hand and a buoyant consumer middle class on the other. It pays to be patient in India, however Goldman Sachs’ commitment to this project I think spells out quite clearly the size and direction that opportunities in India are taking.”

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One Response to Goldman Sachs Secures Biggest Ever Office Lease in India

  1. On a far smaller basis – at Dezan Shira in India we are also negotiating property leases in both Delhi and Mumbai as we need more space. Growth is here and it is happening. – CDE

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Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at china@dezshira.com, download our corporate brochure or visit at us www.dezshira.com


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