Smartworks Expands Pune Presence with Massive 6.13 Lakh Sq Ft Lease
Smartworks has leased a massive 6.13 lakh sq ft office space in Pune for a starting rent of ₹4.44 crore per month. The company has expanded its Pune portfolio, adding over 6 lakh sq ft of prime office space.
SmartworksPuneOffice SpaceLeaseRentCommercial Real EstateManaged WorkspaceReal Estate PuneAug 21, 2024
The leased space comprises 4th to 18th floors of the 43EQ building located in Balewadi. The floors from the fourth to the eighth floor have been leased for a monthly rent of ₹1.49 crore for which a security deposit of ₹4.40 crore has been paid. The total area is 2.05 sq ft. These floors come with 178 four-wheeler parking spaces and 520 two-wheeler parking spaces.
The rent for the nine to the 13th floors is ₹1.46 crore per month and the security deposit paid amounts to ₹4.40 crore. The total area leased is 2.01 lakh sq ft. These floors have been provided with 175 four-wheeler parking spaces and 511 two-wheeler parking spaces.
Floors from the 14th to the 18th floors will be charged a monthly rent of ₹1.49 crore. A security deposit of ₹4.40 crore has been paid towards the lease of these floors. The total area leased is 2.05 lakh sq ft and these come with 178 four-wheeler parking spaces and 521 two-wheeler parking spaces.
The starting rent of ₹73 per sq ft per month has a 4.77% escalation built in every annum.
Smartworks has a presence in 13 cities and a portfolio comprising more than 39 centres spanning over 8 million sq ft. The company caters to sector-agnostic large organizations, including Forbes 2000 and Fortune 500, as well as unicorns and soonicorns, serving over 550 clients.
Recently, the company filed its preliminary papers with markets regulator Securities and Exchange Board of India to mobilise funds through an initial public offering (IPO). With this, Smartworks aims to raise ₹550 crore from fresh issue.
Information
Smartworks is a leading managed workspace platform that provides flexible and customized office spaces to large organizations, unicorns, and soonicorns. The company has a presence in 13 cities across India and has a portfolio of over 8 million sq ft. Smartworks is a managed workspace platform that provides flexible and customized office spaces to large organizations, unicorns, and soonicorns. The company has a presence in 13 cities across India and has a portfolio of over 8 million sq ft.
Frequently Asked Questions
How much office space has Smartworks leased in Pune?
Smartworks has leased 6.13 lakh sq ft office space in Pune.
What is the starting rent of the leased space?
The starting rent of the leased space is ₹4.44 crore per month.
How many floors have been leased by Smartworks?
Smartworks has leased floors from 4th to 18th floors of the 43EQ building.
What is the total area of the leased space?
The total area of the leased space is 6.13 lakh sq ft.
How many clients does Smartworks serve?
Smartworks serves over 550 clients across various sectors.
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