Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Chennai is set to host 450+ Global Capability Centres (GCCs) by 2030, up from 250 today, driven by premium office spaces, skilled talent, and proactive policies. CBRE’s report highlights Chennai’s ranking as India’s third-largest GCC leasing market, with robust growth in office absorption and strategic appeal for global corporations.
READ MOREChennai surpassed Bengaluru and Hyderabad in MNC office leasing in 2023, securing 7 million square feet. Driven by competitive rents and robust infrastructure, Chennai’s market thrived, especially in the global capability centre sector, positioning it as a leading destination for multinational corporations.
READ MOREThe Competition Commission of India approved Real Trustee Advisory Co.’s stake acquisition in WeWork India Management. The deal involves Volrado Venture Partners and Embassy Buildcon. WeWork India’s operations remain strong, with notable financial performance despite global uncertainties. This acquisition supports fair competition and the growth of flexible workspaces in India.
READ MORECapitaLand Investment (CLI) secures over SGD 1 billion for its India Growth Fund 2 (CIGF2) with Daibiru Corporation’s SGD 131 million investment. Focused on premium business parks, CIGF2 targets India’s gateway cities. Backed by Mitsubishi Estate, CLI’s asset-light model attracts global tenants and underscores international confidence in India’s commercial real estate market.
READ MORECapitaLand India Trust has sealed a deal to acquire IT buildings covering 2.5 million sqft in Hyderabad’s HITEC City. This strategic purchase, expected to enhance unitholder earnings, fortifies CLINT’s presence in a vital tech hub and promises robust regional growth.
READ MOREBrigade Group is set to invest Rs 4 billion in developing premium office spaces in Chennai, aiming to enhance the city’s commercial infrastructure and attract more corporate tenants.
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