Nucleus Office Parks: Viacom, which runs TV channels and digital streaming platform JioCinema, competes with the likes of Walt Disney in India. Its new headquarters will be spread across roughly eight floors spread across the "One International Center" complex in Mumbai s business district of Lower Parel.
The deal is the first real estate transaction by the bank following after its merger with the group s non-banking finance company Housing Development Finance Corporation (HDFC), indicating the need for additional space for expanded operations.
In one of the largest front-office transactions so far this year, HDFC Bank picked up about 1 lakh sq ft office space spread across two towers of Blackstone Group backed Nucleus Office Parks commercial complex One International Center in Mumbai s business district Lower Parel through a long-term lease of five years, said persons with direct knowledge of the development.
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