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IndiQube Spaces leases 700 desks in Bengaluru for Rs 52 crore

Created at 2 Jun · 7:29 AM1 source
IN SHORT

Realty firm IndiQube Spaces has leased over 700 desks for five years to a consulting firm in Yelahanka, North Bengaluru. The deal is valued at Rs 52 crore. IndiQube manages over 9.66 million sq ft across 17 cities.

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Key Numbers

700desks leased
5 yearslease term
52 croredeal value in INR
17 citiesIndiQube operational cities
9.66 million sq ftmanaged workspace area

Who's Involved

IndiQube Spaces Ltd
Realty firm that leased the desks
Leading consulting and management services firm
Tenant leasing the desks

↳ Why This Matters

This deal highlights activity in the flexible workspace sector, particularly in major Indian tech hubs like Bengaluru. Such leases are crucial for co-working space providers as they indicate demand from corporate clients seeking adaptable office solutions.

Key facts

  • IndiQube Spaces leased over 700 desks for five years.
  • The lease is with a leading consulting and management services firm.
  • The deal is located in Yelahanka, North Bengaluru.
  • The total value of the lease is Rs 52 crore.
  • IndiQube operates in 17 cities and manages over 9.66 million sq ft.

This deal highlights activity in the flexible workspace sector, particularly in major Indian tech hubs like Bengaluru. Such leases are crucial for co-working space providers as they indicate demand from corporate clients seeking adaptable office solutions.

Frequently asked questions

The lease deal is valued at Rs 52 crore.

Over 700 desks were leased.

The space is located in Yelahanka, North Bengaluru.

The lease is for a period of five years.

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Cadence

How It Developed

2 Jun · 6:44 AM
IndiQube Spaces has leased 700 desks for five years to a consulting firm in Bengaluru, valued at Rs 52 crore.
Economic Times via PiQSuite

Sources

T1
IndiQube Spaces eyes Rs 52 cr revenue from lease of 700 desks in Bengalurum.piqsuite.com

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