CIBC leases 1.21 lakh sq ft of managed office space for GCC in Hyderabad for ₹180 crore over 5 years
Canadian Imperial Bank of Commerce (CIBC) leased 1.21 lakh sq ft of managed office space in Hyderabad for its global capability centre for five years at ₹180 crore. The lease includes a starting monthly rent of ₹2.72 crore, escalating by 5% annually. This move underscores the growing trend of BFSI global capability centres in Tier-1 tech corridors.