AMD takes 500,000 sq ft leased space in Bangalore
Real Estate

AMD takes 500,000 sq ft leased space in Bangalore

US-based multinational semiconductor company Advanced Micro Devices (AMD) leased about 500,000 sq ft office space in the commercial property of Prestige Group in Bengaluru. Prestige Technostar is among the largest office deals in the southern market this year.

AMD will utlise the new office space for the expansion of its operations in the city. The office will be operational by the end of the year. The company has signed a 10-year lease this May.

It is a single-tenant deal and is also registered. The company shall pay a rent of Rs 54 per sq ft. On a yearly basis, AMD will pay rent of around Rs 31.5 crore.

AMD is currently operating out of multiple locations in Bangalore, which is among prestige’s existing properties. The deal solidifies the interest shown by large corporations for workspaces in Bangalore.

Prestige Group aims to strengthen the commercial portfolio in major cities and currently has 43 million sq ft of ongoing as well as upcoming projects planned in Pune, Bengaluru, and Hyderabad markets.

The firm leased more than 1.5 million sq ft of office space this year to organisations involved in tech and technology like HP and Byju’s.

Leasing activity will further increase in the coming months due to a combination of expansion, pent-up demand, and consolidation-led leasing since occupiers begin realigning their post-pandemic business strategies.

Image Source

Also read: Gujarat government to revise CGDCR to remove ambiguity

US-based multinational semiconductor company Advanced Micro Devices (AMD) leased about 500,000 sq ft office space in the commercial property of Prestige Group in Bengaluru. Prestige Technostar is among the largest office deals in the southern market this year. AMD will utlise the new office space for the expansion of its operations in the city. The office will be operational by the end of the year. The company has signed a 10-year lease this May. It is a single-tenant deal and is also registered. The company shall pay a rent of Rs 54 per sq ft. On a yearly basis, AMD will pay rent of around Rs 31.5 crore. AMD is currently operating out of multiple locations in Bangalore, which is among prestige’s existing properties. The deal solidifies the interest shown by large corporations for workspaces in Bangalore. Prestige Group aims to strengthen the commercial portfolio in major cities and currently has 43 million sq ft of ongoing as well as upcoming projects planned in Pune, Bengaluru, and Hyderabad markets. The firm leased more than 1.5 million sq ft of office space this year to organisations involved in tech and technology like HP and Byju’s. Leasing activity will further increase in the coming months due to a combination of expansion, pent-up demand, and consolidation-led leasing since occupiers begin realigning their post-pandemic business strategies. Image Source Also read: Gujarat government to revise CGDCR to remove ambiguity

Next Story
Infrastructure Transport

MoRTH to Frame IRC Norms for New-Age Machines in Highway Work

The Ministry of Road Transport and Highways (MoRTH) has decided to formally adopt Automated and Intelligent Machine-aided Construction (AIMC) for highway projects, aiming to accelerate execution and ensure timely completion. In line with this, MoRTH announced that the Indian Roads Congress (IRC) will develop new guidelines based on feedback from contractors and concessionaires actively involved in these projects.So far, MoRTH has sanctioned at least 16 highway projects where innovative construction equipment will be deployed. Additionally, the ministry is awaiting Cabinet approval for 10 more ..

Next Story
Infrastructure Energy

SECI Extends Green Ammonia Bid Deadline to 30 June

The Solar Energy Corporation of India (SECI) has extended the bid deadline for its green ammonia tender to 30 June 2025. The tender was issued under the SIGHT Scheme - Mode 2A, Tranche I, to supply 7.24 lakh tonnes annually to 13 fertiliser plants.As the implementing agency under the National Green Hydrogen Mission, SECI will enter long-term offtake agreements with selected producers, providing 10-year commercial certainty to encourage market development for green hydrogen derivatives. ..

Next Story
Infrastructure Urban

India Launches First Maritime Sector NBFC

Union Minister Sarbananda Sonowal recently inaugurated Sagarmala Finance Corporation Limited (SMFCL), India’s first NBFC dedicated to the maritime sector. Formally registered with the RBI on 19 June 2025, SMFCL evolved from Sagarmala Development Company Limited.It will address financing gaps for ports, MSMEs, startups, and maritime institutions, supporting shipbuilding, renewable energy, cruise tourism, and education. The move aligns with India’s Maritime Amrit Kaal Vision 2047 and aims to catalyse innovation and sustainable logistics growth.Union Minister of State Shantanu Thakur emphasis..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?