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The world’s largest luxury carmaker Mercedes-Benz has picked up 3.5 lakh sq ft of commercial space in Bengaluru’s eastern peripheral area of Brookefield on a 15-year longterm lease. The company is expected to lease 1 million sq ft here including the second tranche of 4 lakh sq ft next year, said persons with direct knowledge of the development.

The transaction assumes significance as the automotive industry gets disrupted with autonomous, electric, and shared mobility; Mercedes-Benz is expanding its research & development footprint here. The carmaker will be relying heavily on IT talent in and around India’s Silicon Valley.
The world’s largest luxury carmaker Mercedes-Benz has picked up 3.5 lakh sq ft of commercial space in Bengaluru’s eastern peripheral area of Brookefield on a 15-year longterm lease. The company is expected to lease 1 million sq ft here including the second tranche of 4 lakh sq ft next year, said persons with direct knowledge of the development.

The transaction assumes significance as the automotive industry gets disrupted with autonomous, electric, and shared mobility; Mercedes-Benz is expanding its research & development footprint here. The carmaker will be relying heavily on IT talent in and around India’s Silicon Valley.

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