The new building has a total area of about 1,20,000 square feet. Of this about 20,000 square feet will offered on lease to a single party.

All offices of Colgate-Palmolive have officially shifted to the new premise from November 30, 1998. Earlier, the compamy's offices were scattered at various locations like Apeejay House, Cambatta Building, Manek Mahal, Raheja Centre and Vaswani Mansion. All the offices of the company will be located under one roof at Powai. Colgate was functioning out of leased premises right since 1958.

Colgate is yet another major name in a growing list of corporates shifting office from the traditional business districts of Mumbai.

Citibank and Enron Corp, major banking and power sector multinationals have moved to Andheri, while ICICIhas moved to the Bandra-Kurla complex. The Aditya Birla group has shifted some of its offices to Andheri as well.

Knight Frank has also got the mandate for property management of the Colgate premises for an annual fee.