New Launch28 Jul 2025, 02:16 pm
Athena Global Technologies Ltd Leases 125,048.98 Sq Ft Space to FedEx Express Transportation and Supply Chain Services
AI Summary
Athena Global Technologies Ltd has entered into a lease agreement with FedEx Express Transportation and Supply Chain Services (India) Private Limited for 125,048.98 square feet in the company's project named ‘Centaurus by Pheonix’. The lease is for the entire 16th floor (North & South Wing) of the building. The total annual rent for the demised premises is INR 8,70,34,090, payable in monthly installments. The lease agreement is for 5 years, with an option to renew for another 5 years. The initial period of 3 years from the lease commencement date is a lock-in period. The rent will be escalated by 15% every 3 years for the remaining period of the lease term.
Key Highlights
- Athena Global Technologies Ltd has leased 125,048.98 square feet to FedEx Express Transportation and Supply Chain Services
- The lease is for the entire 16th floor (North & South Wing) of the building in the ‘Centaurus by Pheonix’ project
- The total annual rent for the demised premises is INR 8,70,34,090
- The lease agreement is for 5 years, with an option to renew for another 5 years
- The initial period of 3 years from the lease commencement date is a lock-in period