WPP leases Mumbai office space, prepares ‘co-location’ campus

Global agency network WPP has signed a nine-year lease on a nearly 30,000-square-meter office space in Mumbai, according to the Economic Times.

The campus, located near Mumbai airport, will house nearly 30% of WPP’s 20,000 India-based employees by the end of 2019. “The plan is to establish the WPP Mumbai Campus s in line with our global strategy of establishing WPP campuses in key cities. India is a leading growth market for the firm,” said WPP India country manager CVL Srinivas.

The majority of WPP's Mumbai-based subsidiaries, including Group M, IMRB, and O&M, will be housed in the new office space, vacating their current offices at Oberoi Commerz in Goregaon and Lower Parel’s Peninsula. The firm’s other offices in the country are based in among others Delhi, Bengaluru, Chennai, Kolkata, and Hyderabad.

“To support our local presence, we are developing an exciting new workspace that will help to drive more collaboration and enable our clients to have the best access to our talent and work,” Srinivas said. 

WPP will also sign a similar lease for an office in the northern city of Gurgaon, as part of its “global campus co-location strategy,” which allows the company to consolidate its businesses in cities key to business. WPP also has campus locations in Amsterdam, Madrid, and Milan. A base in the Czech capital city of Prague is set to open in 2021.

The real estate deal was advised on by property consultants from JLL India.