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With BuzzWorks brand, Brigade group enters co-working space

Anil Urs | | Updated on: Mar 14, 2019

Representative image

Plans to scale up to a million sq ft in 3 years, earmarks ₹100 crore

Bengaluru-based real estate developer Brigade group has entered the co-working space with the launch of a sub-brand, BuzzWorks.

“The company has commenced co-working operations with 2.5 lakh sq ft having 2,500 seats and is expected to be scaled up to one million sq ft in three years,” said Nirupa Shankar, Executive Director, Brigade Enterprises.

For the co-working foray, the company is currently using its existing properties in seven locations in three cities — Bengaluru, Kochi and Ahmedabad (GIFT City). “We’ll explore other private properties as we grow and expand operations in other cities,” she said. Plans are a foot to expand to Chennai, Thiruvananthapuram and Hyderabad in the next phase.

“The company has so far developed 10 million sq ft and another 11 million sq ft is under various stages of development,” Nirupa Shankar said.

Subrata KC Sharma, COO Commercial, Brigade Enterprises, said that BuzzWorks had received overwhelming response even before its launch.

“Our first centre is 100 per cent booked and this has further motivated us to expand aggressively,” he said.

The company is planning to utilise its hybrid usage for both managed offices and co-working. Brigade Group has earmarked ₹100 crore for co-working operations in FY20. “As we expand and add more seats and locations, our investments will be proportionately increased,” said MR Jaishankar, CMD, Brigade Enterprises.

Explaining the group’s entry into co-working space, Jaishankar said, “Over the years we have evolved our business and transformed our product and service offerings across all domains of real estate, be it residential, hospitality, office or retail. BuzzWorks is a natural extension of our commercial office portfolio.”

 

Published on March 14, 2019
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