Premium managed office solutions provider Table Space recently acquired a 5.5-lakh square feet office facility in East Bengaluru’s Whitefield area for ₹500 crore. The property, Kalyani Camellia, will be housed under Grade A and LEED Gold-certified strategically planned asset which offers access to two key micro-markets, Whitefield and Outer Ring Road (ORR), the company statement said.
“In the next 12-18 months, as part of our ambitious growth strategy, we plan to expand the Table Space Towers portfolio by adding another 5 million square feet,” said Amit Banerji, CEO and Chairman, Table Space.
“Bengaluru is our most mature and vital market, contributing 46% to overall revenue. The city is po he first acquisition made under the Table Space Towers portfolio was a 9-lakh square feet facility in Kharadi, Pune. The company acquired a 50% ownership stake in the said property as part of a joint venture undertaking with Panchshil Realty, for ₹400 crore.
Table Space is looking to nearly double its footprint with a 9 million square feet addition to its portfolio over the next three years, taking the total space take up to over 18 million square feet by financial year 2026-27.
The next three years will see the brand’s presence extend to about 120 centres, largely focussed on Tier 1 cities such as Mumbai, Bengaluru, Delhi-NCR, Chennai, Hyderabad and Pune.
Source: hindustantimes.com
