Nike India Know-how Heart Personal Restricted has leased greater than 1.25 lakh sq ft of workplace house at Bagmane Tech Park in Bengaluru by means of two separate transactions registered for a 5-yr interval, at a complete lease of ₹121 crore, in line with property registration paperwork accessed by CRE Matrix.
The 2 offers cowl 1,25,639 sq ft of workplace house and 143 parking slots throughout the Olympia Constructing and Bagmane Tridib. Queries have been emailed to Bagmane Builders and Nike India, and the story shall be up to date if a response is obtained.
Within the first transaction, Nike India leased 48,639 sq ft of workplace house on the third flooring of the Olympia Constructing at Bagmane Tech Park at an preliminary month-to-month lease of ₹80.25 lakh. In line with the paperwork, the lease settlement was executed for a 5-yr time period commencing on January 15, 2026, with lease funds scheduled to start on Might 15, 2026.
The corporate paid a safety deposit of ₹4.81 crore and secured 55 paid automobile parking areas, every costing ₹5,500 monthly. The lease carries a rental fee of ₹165 per sq ft monthly, with a 15% lease escalation each three years, in line with the paperwork.
Within the second transaction, Nike expanded its footprint by leasing a further 77,000 sq ft in Bagmane Tridib, in line with property registration paperwork. The leased house includes 39,000 sq ft on the sixth flooring and 38,000 sq ft on the seventh flooring.
The mixed beginning month-to-month lease for the 2 flooring is ₹1.27 crore, translating to a rental fee of ₹165 per sq ft monthly. The settlement has been signed for a 5-yr tenure and features a 15% lease escalation each three years. Lease funds for the 2 flooring are scheduled to start from Might 15, 2026, and August 15, 2026, respectively.
In line with the paperwork, the corporate paid a safety deposit of ₹7.62 crore for the Bagmane Tridib lease and secured 88 paid parking areas.
The event comes in opposition to the backdrop of the preliminary public supply of Blackstone-backed Bagmane Prime Workplace REIT, which opened on Might 5 and closed on Might 7 this yr. The Bengaluru-based REIT, which develops and manages Grade A workplace properties, secured about ₹1,150 crore from preliminary buyers earlier than the general public providing, in line with information reviews.
In line with the reviews, the REIT has 3 million sq. toes situated in key micro-markets of Bengaluru, together with the Outer Ring Street and the Secondary Enterprise District.
Taken collectively, the 2 lease transactions give Nike about 1,25,639 sq ft of workplace house and 143 parking slots at Bagmane Tech Park, beneath lease agreements operating for 5 years with lease escalation clauses constructed in.
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