+
Quest Coworks Acquires 57,000 Sq Ft From Capgemini in Andheri
ECONOMY & POLICY

Quest Coworks Acquires 57,000 Sq Ft From Capgemini in Andheri

Quest Coworks has bought five office units totalling 57,000 sq ft in the Andheri neighbourhood of Mumbai from Capgemini Technology in a deal worth Rs 558 million (mn). The transaction adds to Quest Coworks' footprint in Mumbai's commercial real estate market and is part of its expansion strategy in key metropolitan centres. The units were acquired as a single asset package.

The purchase price reflects a market valuation achieved through direct acquisition rather than lease arrangements and will enable the coworking operator to consolidate operations and service offerings in the western suburbs. Industry observers say there is growing demand for flexible office space in established business districts, driven by corporate downsizing and hybrid working models.

Quest Coworks plans to refurbish and integrate the floor plates to provide a mix of private offices, meeting rooms and hot desks tailored to small and medium enterprises and satellite teams of larger corporates. The company is expected to leverage existing property management capabilities to enhance occupancy and yield, while maintaining operational flexibility for clients. Work on upgrades is likely to be phased to minimise disruption for existing occupants.

The acquisition from Capgemini Technology underscores a wider trend of large occupiers monetising non-core real estate to unlock capital and focus on core technology services. Market participants say such transactions support liquidity in the office investment market and offer opportunities for specialised operators to expand their portfolios.

Local brokers involved in similar deals have highlighted Andheri's connectivity to transport nodes and amenity density as factors that sustain tenant interest. Analysts anticipate that demand for well located, flexible workplaces will remain steady as businesses seek cost effective solutions for post pandemic occupancy strategies.

Quest Coworks has bought five office units totalling 57,000 sq ft in the Andheri neighbourhood of Mumbai from Capgemini Technology in a deal worth Rs 558 million (mn). The transaction adds to Quest Coworks' footprint in Mumbai's commercial real estate market and is part of its expansion strategy in key metropolitan centres. The units were acquired as a single asset package. The purchase price reflects a market valuation achieved through direct acquisition rather than lease arrangements and will enable the coworking operator to consolidate operations and service offerings in the western suburbs. Industry observers say there is growing demand for flexible office space in established business districts, driven by corporate downsizing and hybrid working models. Quest Coworks plans to refurbish and integrate the floor plates to provide a mix of private offices, meeting rooms and hot desks tailored to small and medium enterprises and satellite teams of larger corporates. The company is expected to leverage existing property management capabilities to enhance occupancy and yield, while maintaining operational flexibility for clients. Work on upgrades is likely to be phased to minimise disruption for existing occupants. The acquisition from Capgemini Technology underscores a wider trend of large occupiers monetising non-core real estate to unlock capital and focus on core technology services. Market participants say such transactions support liquidity in the office investment market and offer opportunities for specialised operators to expand their portfolios. Local brokers involved in similar deals have highlighted Andheri's connectivity to transport nodes and amenity density as factors that sustain tenant interest. Analysts anticipate that demand for well located, flexible workplaces will remain steady as businesses seek cost effective solutions for post pandemic occupancy strategies.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code