The Hindu Business Line : Hindustan Lever to shift corporate office to Andheri

Hindustan Lever Ltd (HLL) on Wednesday announced its decision to shift its South Mumbai Corporate Office to a new proposed campus at the western suburb of Andheri.

This move integrates all business offices of the company in Bangalore and Mumbai and the transition will be completed during 2008, the company said in a notice to the stock exchange.

The Andheri site measures 12.6 acres. The new campus will have a built-up area of over 5,00,000 sq.ft. Mr Douglas Baillie, CEO, said, "This is a significant step forward in our ongoing efforts to bring the scale and might of `One HLL' to win in the market place."

This co-location will harness synergies between regional category teams and the operating company.

The transition to the new office will be done in two phases. In the first phase, the Bangalore foods team will be relocated to the Mumbai head office by January 1, 2007. In second phase, the Mumbai head office and training centre will be relocated to the new Andheri campus during 2008.The organisation has put in place a transition management team, which will ensure that the process is transparent, fair and empathetic. For those employees who choose not to relocate on account of any personal reasons, the company's commitment is to ensure their appropriate resettlement.

According to analysts tracking the company, apart from unlocking real estate value, the move to shift office will have no impact on the profitability of the company. The HLL scrip closed at Rs 228.05 on Wednesday against Tuesday's close of Rs 228.75 down by 0.31 per cent on the BSE.

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