Allianz and Embassy group signed up for leasing out 463,704 sqft of the Grade A office space and the deal marked the largest single office lease transaction in the state.
The city witnessed the largest ever influx of FDI in the commercial real estate market and continues to dominate the office leasing market with an overall net absorption of 7.5 million sq ft in 2020.
In 2019, the co-working operators had leased 8.1 million sq ft office space across six major cities — Delhi-NCR, Mumbai, Bengaluru, Hyderabad, Chennai and Pune.
Apple’s new Bengaluru office is expected to come up at Prestige Mink Square; whereas Wells Fargo is in discussion for a built-to-suit office space in Hyderabad with DivyaSree developers.
