Mumbai: Air India will lease space to restaurants and food joints in its
iconic Nariman Point building as a part of its asset monetisation plan.
Air India has leased space in the 22 storey building to banks and
offices but this will be first time commercial food joints will be
allowed inside the premises.
On Tuesday, national carrier issued expression of interest offering space in Nariman Point building to bidders on a three year term. The airline did not specify the total area being put up for lease but its tender notice said "minimum 1000 sq. ft. area on ground floor of Air India Building would be offered for the opening of eatery joints. Area of over and above 1000 sq. ft. would also be considered subject to availability of space with Air India Ltd,'' the notice said.
Last year State Bank of India leased four floors in the Air India building while ground floor has been given out to Bharatiya Mahila Bank. Rents in Nairman Point area range from 250-2775 square feet for offices. " Air India can fetch about Rs 450 per square feet if it leases premises to fine dining restaurants,'' said Raja Seetharaman, managing director of Aperon Realty.
Read news in full 17/06/14 Business Standard
On Tuesday, national carrier issued expression of interest offering space in Nariman Point building to bidders on a three year term. The airline did not specify the total area being put up for lease but its tender notice said "minimum 1000 sq. ft. area on ground floor of Air India Building would be offered for the opening of eatery joints. Area of over and above 1000 sq. ft. would also be considered subject to availability of space with Air India Ltd,'' the notice said.
Last year State Bank of India leased four floors in the Air India building while ground floor has been given out to Bharatiya Mahila Bank. Rents in Nairman Point area range from 250-2775 square feet for offices. " Air India can fetch about Rs 450 per square feet if it leases premises to fine dining restaurants,'' said Raja Seetharaman, managing director of Aperon Realty.
Read news in full 17/06/14 Business Standard
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