WNS Global Sells 170,000 Sq Ft Pune Office in Sale-Leaseback Deal
Real Estate

WNS Global Sells 170,000 Sq Ft Pune Office in Sale-Leaseback Deal

WNS Global Services, a leading business process management firm, has finalised a sale and leaseback transaction for its 170,000 sq ft office space in Pune. The company sold its office in Magarpatta Cyber City, Hadapsar, for Rs 1.77 billion and has leased it back for a period of five years at an annual rental cost of Rs 160 million. This arrangement allows the company to continue operations from its existing workspace while unlocking capital tied to real estate assets.

Sale and leaseback agreements, commonly seen in the aviation and hospitality sectors, are relatively uncommon in India’s office real estate market. This transaction structure enables a company to sell its property to an investor while retaining occupancy through a lease agreement. The recent deal was executed at an effective sale price of Rs 10,300 per square foot, with a lease rental of Rs 77.5 per square foot per month. As per real estate data analytics platform Propstack, the lease agreement includes an annual rental escalation of 5 per cent.

The capital raised through this transaction can be utilized for various strategic purposes, including debt repayment, business expansion, or reinvestment in core operations. Converting real estate assets into liquid capital enhances financial flexibility while ensuring business continuity.

Similar transactions have taken place in India, with Suzlon Energy monetizing its headquarters, One Earth, in Pune through a sale and leaseback deal in September.

By the end of December, WNS had a global workforce of 63,390 employees across 66 delivery centres in countries including the US, the UK, Canada, China, Costa Rica, Malaysia, the Philippines, and several locations in India such as Mumbai, Pune, Bengaluru, Hyderabad, Chennai, and Gurgaon.

News source: Pune Pulse

WNS Global Services, a leading business process management firm, has finalised a sale and leaseback transaction for its 170,000 sq ft office space in Pune. The company sold its office in Magarpatta Cyber City, Hadapsar, for Rs 1.77 billion and has leased it back for a period of five years at an annual rental cost of Rs 160 million. This arrangement allows the company to continue operations from its existing workspace while unlocking capital tied to real estate assets. Sale and leaseback agreements, commonly seen in the aviation and hospitality sectors, are relatively uncommon in India’s office real estate market. This transaction structure enables a company to sell its property to an investor while retaining occupancy through a lease agreement. The recent deal was executed at an effective sale price of Rs 10,300 per square foot, with a lease rental of Rs 77.5 per square foot per month. As per real estate data analytics platform Propstack, the lease agreement includes an annual rental escalation of 5 per cent. The capital raised through this transaction can be utilized for various strategic purposes, including debt repayment, business expansion, or reinvestment in core operations. Converting real estate assets into liquid capital enhances financial flexibility while ensuring business continuity. Similar transactions have taken place in India, with Suzlon Energy monetizing its headquarters, One Earth, in Pune through a sale and leaseback deal in September. By the end of December, WNS had a global workforce of 63,390 employees across 66 delivery centres in countries including the US, the UK, Canada, China, Costa Rica, Malaysia, the Philippines, and several locations in India such as Mumbai, Pune, Bengaluru, Hyderabad, Chennai, and Gurgaon. News source: Pune Pulse

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?