AMD takes 500,000 sq ft leased space in Bangalore

09 Jun 2022 CW Team

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

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..