Coworking company Incuspaze has leased a 3.25 lakh sq ft office space in Bengaluru to expand its business and cater to the growing demand for managed flexible workspaces.
The company has rented space at QUBE Software Park, Outer Ring Road (ORR) Bengaluru.
The new facility will have the capacity to accommodate more than 5,000 seats.
Last month, Incuspaze had leased a 1.56 lakh sq ft office space in Whitefield, Bengaluru.
“Our expansion into this prestigious location is a testament to our commitment to offering world-class workspaces in prime commercial environments.
“Additionally, the availability of large land parcels and proximity to an established IT talent pool and residential hubs make Outer Ring Road one of the most attractive IT growth corridors in Bangalore,” said Incuspaze Managing Partner Sanjay Chatrath.
Incuspaze Founder and CEO Sanjay Choudhary said, “This collaboration marks a significant step towards fostering innovation and creating a vibrant ecosystem for growth.”
Incuspaze said its strategic expansion in Bengaluru is attributed to India’s growth-oriented ecosystem, which continues to attract domestic and foreign occupiers.
Incuspaze will add 2 million square feet of office space in Bengaluru and other key cities across South India over the next 12 months.
Founded in 2016, Incuspaze has a presence in 44 locations across 18 cities with a total portfolio of 4 million square feet.
(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First published: September 8, 2024 | 10:30 PM IS
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