# BNP Paribas Leases Chennai Office Space

> BNP Paribas secures 5 lakh sq ft Chennai office lease for 10 years.
- Title: BNP Paribas Leases Chennai Office Space · The Economic Times
- Summary: BNP Paribas secures 5 lakh sq ft Chennai office lease for 10 years. BNP Paribas leases 5 lakh sq ft office space at Mindspace REIT's Chennai complex for 10…
- Keywords: bnp paribas, mindspace business parks reit, chennai, office space, multinational companies, gcss, india office rental market, BNP, Paribas, Leases, Office, Space
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/services/property-/-cstruction/bnp-paribas-leases-5-lakh-sq-ft-office-in-mindspace-reits-chennai-complex/articleshow/134874559.cms
- Author: Kailash Babar
- Published: 2026-10-11T17:15:00+00:00
- Read time: 1 min
- Topics: bnp paribas, mindspace business parks reit, chennai, office space, multinational companies, gcss, india office rental market
## BNP Paribas Lease
French banking major BNP Paribas has picked up around half a million sq ft of office space at Mindspace Business Parks REIT-owned One Radial complex in Chennai through a long-term lease spanning 10 years.
## Lease Details
The transaction covers four floors at the complex, which has an overall campus size of around 2.6 million sq ft.
## Rental Estimate
Office rentals in the micro-market are currently estimated at rs 90 per sq ft per month, with the BNP Paribas deal understood to be in a similar range.
## Total Rental Payout
Based on these rentals, the bank’s total rental payout over the 10-year lease period is estimated at around rs 550 crore.
## Chennai Operations
Chennai is BNP Paribas’s second-largest office market in India in terms of space occupied, after Mumbai.
## Why Chennai?
Chennai offers relatively lower costs for residential accommodation and talent, while employee attrition is perceived to be lower than in some competing markets.
## Key takeaway

BNP Paribas leases 5 lakh sq ft office space at Mindspace REIT's Chennai complex for 10 years, part of its Chennai operations consolidation.