India, May 2 -- In a major office leasing deal, Bengaluru-based developer Concorde has signed an agreement with BHIVE Workspaces for 1.4 lakh sq ft of Grade-A office space for 15 years, with a total rent of Rs.240 crore, the company said.

The facility, located at Concorde Econex in Doddanekkundi along the Whitefield tech corridor, spans the ground plus four floors. The deal was signed for 15 years and is expected to add over 3,000 seats to BHIVE's portfolio. The annual rent for the deal is Rs.16 crore, the company said.

With this addition, BHIVE is moving closer to its stated goal of adding over 1 million sq ft to its network this year, the statement said.

Grishma R, Director at Concorde, said the project aligns with the developer's fo...