Siemens leases 730,000 sq ft space in Bengaluru at Rs. 70 cr a year.

Global automation leader Siemens has taken 730,000 square feet (sq. ft) office space on rent at Gold Hill Excelsior in Electronic City, Bengaluru, said sources in the know. Siemens will pay a monthly rent of Rs. 80 per sq. ft or Rs. 70 crore per year.
When contacted, a company spokesperson said it was the part of company’s consolidation strategy and it would move in the new facility by March 2021. The property owner could not be contacted for comments.
BS