HYDERABAD: American financial data and analytics firm Factset has sealed a deal to set up an 8.6-lakhsquare-feet office in Hyderabad, its largest in the world, earmarking Rs 800 crore for lease rentals over 15 years. Cushman & Wakefield acted as consultant for the deal, he said. The SEZ is spread over 4 million square feet While Cushman & Wakefield's Hyderabad managing director Veera Babu refused to divulge details citing confidentiality clauses with clients, Telangana's IT secretary Jayesh Ranjan confirmed the development. "The move by Factset to acquire its largest global office space in Hyderabad comes months after Apple, Amazon and Google choosing Hyderabad for their global development centres attracted by a strong talent pool and low real estate costs, coupled with political stability," one of the per sons cited earlier said. Wells Fargo, IBM and JPMorgan have also sea led deals for high-end office space in the city over the past few months.A property consultant described the deal as the second-largest office space acquisition in Hyderabad after Swiss healthcare firm Novartis acquired 9 lakh sq ft office pace three years ago.

Source: Economic Times September 12, 2016 00:00 UTC