Teva's arm Watson Pharma leases 100,000 sq ft in Mumbai

Global pharmaceutical major Teva’s arm Watson Pharma had rented 105,000 sq ft of office space in L&T Realty’s office complex in Navi Mumbai, said sources in the know. Watson Pharma would pay over Rs 12 crore annual rent, or Rs 95 per sq ft per month on built-up area or Rs 140 on carpet area, said sources.

Parent Teva was also expected to rent an additional 28,000 sq ft built-up area in the same Tower 2, L&T Seawoods Grand Central,  Navi Mumbai, sources said. With the total take-up of 133,000 sq ft, it is the second biggest office lease deal in