Standard Chartered leases 7.7 lakh sq ft office space in Chennai
4 years, 2 months ago

Standard Chartered leases 7.7 lakh sq ft office space in Chennai

Deccan Chronicle  

Chennai: In one of the largest commercial realty deals in recent times, Standard Chartered GBS is leasing 7.7 lakh square feet of office space in Chennai for its largest office globally. As per Knight Frank India, the total office transactions of the eight markets in the September quarter improved and reached 33 per cent of the 2019 quarterly average level. The uncertain business environment that followed the initial lockdown, further caused occupiers to assess their office space strategies leading many to postpone their office expansion plans till June quarter. However, with the unlocking in progress, going forward as India edges back economic recovery, the office market dynamics are also expected to improve,” said Shishir Baijal, Chairman and Managing Director, Knight Frank India.

Chennai Office Space Dlf Ft Office Gic Standard Chartered  space  transactions  chennai  77  standard  sq  india  rs  recovery  leases  lakh  chartered  dlf  ft  office

History of this topic

Office leasing by Global Capability Centres in Chennai to touch 3.2 mn sq ft by 2025: CBRE
1 month, 1 week ago

Office leasing by Global Capability Centres in Chennai to touch 3.2 mn sq ft by 2025: CBRE

Hindustan Times  

Office leasing by Global Capability Centres in Chennai is expected to touch 3.2 mn sq ft by 2025 on the back of growing infrastructure, proactive state government policies, and quality office developments that are aligned to meet the needs of global corporates, a report by CBRE has said. Office leasing by Global Capability Centres in Chennai is expected to touch …

Chennai emerging as preferred hub for Global Corporates; city hosts 11 per cent of India’s GCC talent, says report
1 month, 2 weeks ago

Chennai emerging as preferred hub for Global Corporates; city hosts 11 per cent of India’s GCC talent, says report

New Indian Express  

CHENNAI: Chennai is poised to add 12–13 million square feet of premium office space between 2025 and 2026, according to a report titled ‘Tamil Nadu: The Next Frontier for Global Corporations’ by CBRE. The report highlights Chennai’s solidified position as a preferred hub for global corporates, accounting for 11% of India’s current Global Capability Centre talent. Ranked third in GCC …

Share of GCCs in office transactions in Chennai increases by 55% in 2023
9 months, 2 weeks ago

Share of GCCs in office transactions in Chennai increases by 55% in 2023

Hindustan Times  

Global Capacity Centres focused transactions dominated more than half of the office volume deals in Chennai during 2023, totalling 6.02 mn sq ft across 71 deals, a report by Knight Frank India said. Global Capacity Centres focused transactions dominated more than half of the office volume transactions in Chennai during 2023 The Banking, Financial Services, and Insurance segment is the …

Discover Related