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Simpliwork Offices leases 1.5 lakh sq ft space in Chennai

Wednesday, 20 Jul 2022
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Simpliwork Offices has taken on lease 1.5 lakh sq ft of office space in Chennai from DLF and Mindspace Business Parks REIT to expand business. 
 
The company has taken on lease about 80,000 sq ft from DLF and around 70,000 square ft from Mindspace. 
 
The centre in DLF Downtown, Chennai will have more than 1,700 seating capacity and expected to be operational by early 2023. The facility at Commerzone, Porur with Mindspace Business Parks REIT is already operational. 
 
The combined investment is estimated at over USD 3.5 million in setting up these centres. 
 
Simpliwork Offices is all set to double its inventory to six million sq ft by the end of 2023, to capitalise on the accelerated demand for outsourced flex workspaces among large corporates across markets. 
 
The company will be investing Rs 650 crore and also raising private equity funds over the next two years.
 
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