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
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code