Bengaluru: Actual property agency Embassy Group on Monday mentioned it has leased 85,000 sq ft of workplace house to automotive software program firm Acsia Applied sciences at Embassy Taurus TechZone (ETTZ) in Trivandrum.
Acsia’s new workplace will be capable of accommodate over 1,000 new workers.
“We’re delighted to announce the signing of Acsia Applied sciences as a brand new tenant at Embassy Taurus TechZone, signaling that international firms are anticipating their subsequent section of development in Kerala. Embassy Group is primed to satisfy this rising demand for Trivandrum’s booming IT and ITeS sectors with our future-first, state-of-the-art, and sustainability-centric workplace areas,” mentioned Aditya Virwani, chief working officer), Embassy Group.
Whereas the Omicron variant created some short-term hurdles, this can be a testomony to how demand for grade-A workplace areas hasn’t been diminished by covid-19, Virwani mentioned.
“We’re assured that the traits of robust hiring by international companies and the heightened bodily occupancy ranges will proceed to drive a strong restoration of workplace leasing,” he added.
Acsia has dedicated to lease house within the upcoming block ‘Niagara’ in Embassy Taurus TechZone, which is scheduled for handover in April 2023.
“…Developments within the automotive market level to the mounting want for automotive software program, sustained by speedy adoption of electrical and electronics – we’re rising to satisfy the calls for of our clients in fixed search of expertise in superior automotive software program. Acsia is poised to rent 1,000 new workers within the coming months, consolidating our dedication to additional advance the house of our essential improvement centre, Trivandrum,” mentioned Jijimon Chandran, CEO, Acsia Applied sciences.
Earlier this 12 months, Embassy Group leased 463,704 sq ft to Allianz Group firms at ETTZ, in one of many largest single workplace lease transactions within the metropolis.
The workplace park is being collectively developed by Taurus Funding Holdings India and Embassy Group in Taurus Downtown, a 21-acre improvement in Trivandrum.
Ajay Prasad, MD, Taurus India, mentioned, “…The robust leasing efficiency at Niagara is testomony to the attractiveness of the Trivandrum market to international occupiers and to the rising momentum for workers to return to prime quality, collaborative work areas akin to these at Niagara.”
Supply: Live Mint