Singapore’s DBS Bank is planning to lease 100,000 sq. ft. of space at Mumbai’s landmark Express Towers. According to news reports, this is one of the biggest office space deals in the Nariman Point area since the 2008 global financial crisis. The reports suggested the bank is offering to pay Rs230 per sq. ft., per month as rent. Express Towers is now owned by private equity firm Blackstone and Pune-based Panchshil Realty. At present, DBS has a large office at Fort House in Dr Dadabahi Naoroji Road. The bank said it wants more spacious area to take care of its current and proposed level of operations.
