US-based Sage Group, a global publisher of books and academic journals, has joined the bandwagon to occupy flexible office spaces. Sage has inked a 9-year direct deal with Avanta India, a leading co-working operator in the National Capital Region. Sage will lease a 100-workstation space at Avanta’s co-working centre at Nehru Place.
For the uninitiated, Avanta India holds 5 premium business centers in Delhi-NCR. One in the landmark Statesman Building, and another one at the Ambadeep Tower in Connaught Place. The other premises include Park Centra Gurgaon, ITT in Nehru Place alongside one at Saket Business District.
Brands like Sage opting for flexible spaces highlights the growing prominence of the segment in India. Going forward close to 20% of the leasing will comprise co-working spaces in the country.