Real Estate

Managed workspace provider Simpliwork forays into Chennai

BL Chennai Bureau | Updated on: Jan 06, 2022
image caption

Leases 64,000 sq.ft. centre for SBI Cards.

Simpliwork, a Bengaluru-based managed workspace provider, announced its foray into the Chennai market as part of its plan to double its national inventory to 6 million sq.ft. by the end of 2022.

The company leased a 64,000 sq.ft. centre in Chennai to SBI Cards Ltd. The property, developed by K. Raheja Corp., offers premium outsourced offices to the credit card and payment solutions provider. The transaction was facilitated by international property consultant Jones Lang LaSalle (JLL).

“2021 has been a milestone year for Simpliwork in terms of business growth. As an industry leader, we have offered agile solutions vis-à-vis world-class offices across leading markets. Chennai, our latest addition, is a strong economic centre. The city offers immense potential that attracts large enterprises across industries,” Kunal Walia – Founder & CEO, Simpliwork said in a press release.

Simpliwork said it has registered a 5x growth in turnover in the current financial year, and it plans to invest ₹650 crore in creating Grade A offices for leading corporates across the country over the next two years.

Published on January 06, 2022

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

  1. Comments will be moderated by The Hindu editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.

You May Also Like

Recommended for you