+
Simpliwork Offices Leases 1.5 Lakh Sq Ft In Bengaluru
Real Estate

Simpliwork Offices Leases 1.5 Lakh Sq Ft In Bengaluru

Bengaluru-based flexible workspace operator Simpliwork Offices has leased over 1.5 lakh sq ft of office space in Embassy Manyata Business Park, the company said in a statement on February 4. 

Simpliwork Offices' five-year lease rental is over Rs 1 billion. The company will also invest about Rs 400 million in designing and developing the space, it added. 
The new space in Embassy Manyata Business Park will cater to two distinct client needs: ready-to-move-in workspaces for businesses seeking immediate occupancy and fully customizable office solutions tailored to specific client requirements. Located in North Bengaluru and spanning over 14 million square feet, Embassy Manyata Business Park is a key business park for commercial activity and a hub for global enterprises. 

The company, which is set to close this fiscal year with revenues between Rs 850 million (up from Rs 78 million in the previous year), has consistently demonstrated financial strength. EBITDA margins are anticipated to range between 18.5% and 21% this year, it said in a statement. 

The company has a portfolio spanning over 4.2 million square feet in key cities, including Bangalore, Hyderabad, Mumbai, Gurgaon, Noida, Pune, Chennai, and Kolkata. It operates over 85 centres nationwide. 
                                            

Bengaluru-based flexible workspace operator Simpliwork Offices has leased over 1.5 lakh sq ft of office space in Embassy Manyata Business Park, the company said in a statement on February 4. Simpliwork Offices' five-year lease rental is over Rs 1 billion. The company will also invest about Rs 400 million in designing and developing the space, it added. The new space in Embassy Manyata Business Park will cater to two distinct client needs: ready-to-move-in workspaces for businesses seeking immediate occupancy and fully customizable office solutions tailored to specific client requirements. Located in North Bengaluru and spanning over 14 million square feet, Embassy Manyata Business Park is a key business park for commercial activity and a hub for global enterprises. The company, which is set to close this fiscal year with revenues between Rs 850 million (up from Rs 78 million in the previous year), has consistently demonstrated financial strength. EBITDA margins are anticipated to range between 18.5% and 21% this year, it said in a statement. The company has a portfolio spanning over 4.2 million square feet in key cities, including Bangalore, Hyderabad, Mumbai, Gurgaon, Noida, Pune, Chennai, and Kolkata. It operates over 85 centres nationwide.                                             

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code