Real Estate

The Executive Centre to invest Rs 125 crore in new co-working centres

The eight centers put together will add up to 2.6 lakh square feet in Chennai, Bengaluru, Hyderabad, Mumbai, Gurugram and New Delhi for the company
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Hong Kong-based global flexible workspace provider Executive Centre has earmarked an investment of ₹125 crore that adds eight new centers to its portfolio in India during the ongoing calendar year.

According to a company statement published on October 16, these are planned for Chennai, Hyderabad, Mumbai, Bengaluru, Gurugram, and New Delhi.

The eight centers will cumulatively add 2.6 lakh sqft to the flexible office operator’s tally, taking its overall footprint close to 1.5 million sqft in India, senior executives of the company said during an interaction with HT.com.

With all this expansion, we should be close to around 1.5 million square feet. Our target is to double the overall footprint in the next 30-36 months, said Manish Khedia, the managing director for West and South India, alongside Sri Lanka, at The Executive Centre.

Source
Hindustan Times

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