Versigent leases nearly 3 lakh sq ft of industrial space in Chennai
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Switzerland-based Versigent PLC leased nearly three lakh sq ft of industrial space at IndoSpace Industrial Park in Vallam, Chennai.
- ✓The company signed a 10-year agreement starting April 1, 2027.
- ✓They will pay a monthly rent of Rs 1.08 crore.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
MUMBAI: Switzerland-based Versigent PLC has picked up nearly three lakh sq ft of industrial space at IndoSpace Industrial Park in Vallam, Chennai, through a long-term lease of 10 years.
The company will pay a monthly rent of Rs 1.08 crore for the space, at a rate of Rs 37 per sq ft per month. The agreement includes a security deposit of Rs 6.48 crore and provides for a 15% escalation in rent every three years.
The fresh lease, signed by Versigent India with IndoSpace Industrial Park, covers 291,767 sq ft of chargeable area and is scheduled to commence on April 1, 2027, showed documents accessed through realty data analytics platform Propstack.
Versigent PLC designs, manufactures and distributes low- and high-voltage power electrical architectures, signal solutions and electric vehicle charging systems. Its product portfolio spans electrical systems and connectivity solutions used across industrial and mobility applications.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Economic Times
Read the full, original unfiltered story directly on the publisher's portal.