Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
CapitaLand 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 MOREEmbassy Office Parks REIT announces a Rs 3,800 crore investment to develop 61 lakh sq ft of premium office space in Bengaluru to expand its rental portfolio. The project, part of a broader strategy to meet rising demand, will enhance the Embassy’s 36.5 million sq ft portfolio.
READ MOREAwfis has expanded its footprint in South India, launching 11 new centres with 8,000 seats across Bengaluru, Chennai, Hyderabad, and Kochi. This $10 million investment boosts its national presence to 150 centres, offering modern workspaces in key business locales.
READ MOREThis article explores “what is office peacocking,” a trend where businesses transform their workspaces into attractive, functional environments to entice employees back to the office, focusing on design elements that enhance productivity and employee satisfaction.
READ MOREEmbassy Group plans to take WeWork India public to capitalise on the growing demand for flexible workspaces. This IPO intends to accelerate WeWork India’s expansion and strengthen its market position, aligning with the Embassy’s strategy to support entrepreneurial communities and enhance workplace dynamics.
READ MOREThe EMEA Flex Space Market Review for Q1 2024 investigates the thriving flexible workspace sector, which has experienced a significant 35% increase in demand. It also highlights the emerging hub-and-spoke model.
The report strongly emphasises the importance of quality, amenities, and, most importantly, a people-first approach in driving success in dynamic commercial real estate markets.