Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
BHIVE Workspace, a prominent managed office space provider based in Bengaluru, has secured a lease for 77,000 square feet from Address Maker on CMH Road in Indiranagar. The annual rent for this prime location is ₹8.5 crore, according to a company statement issued on September 9. The new property will accommodate over 1,500 seats and
READ MOREA Colliers report reveals that over 80% of office occupiers plan to expand through flexible workspaces in the next 3-5 years, with MNCs leading the shift. Flex spaces are increasingly used for core business operations, especially in tech sectors, and are favoured for longer-term leases in prime city locations.
READ MOREIndiQube, a Bengaluru-based coworking provider, plans to raise INR 1,000-1,500 Cr through an IPO, primarily via fresh share issuance. The company, which operates in 12 cities and serves clients like Walmart and Philips, aims to file its draft red herring prospectus within three months.
READ MOREIncuspaze has expanded its Bengaluru operations by leasing 3.25 lakh sq ft at QUBE Software Park on Outer Ring Road, adding over 5,000 seats. This follows their recent 1.56 lakh sq ft lease in Whitefield. With plans to add 2 million sq ft in southern India, Incuspaze continues its rapid growth.
READ MOREThe BFSI sector is transitioning toward flexible office spaces, driven by the need for scalability, cost management, and agility. This shift transforms BFSI companies’ operations while ensuring compliance and security in a dynamic workspace environment.
READ MORESmartworks Coworking Spaces is launching a ₹5.5 billion IPO, including an offer to sell 6.7 million equity shares. Legal counsel from Khaitan & Co and Economic Laws Practice (ELP) oversees the process, marking a significant milestone for Smartworks as it expands in India’s growing coworking industry.
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