Brigade Group to expand its managed office space brand BuzzWorks with an aim to double its seats by FY'24

Brigade Group has expanded its flexible and managed offices brand BuzzWorks, by launching a distinctive premium workspace in Brigade Towers. This expansion is part of the BuzzWork's plan to have 5000+ seats in its portfolio by FY24 that includes the establishment of new centres in pivotal locations such as Hyderabad, Chennai, and Ahmedabad Gift City. BuzzWorks at Brigade Towers offers meticulously designed, dynamic and sophisticated workspaces, along with dedicated spaces for meetings and discussions. Incidentally Brigade Towers was the first commercial development by the Brigade Group and continues to remain an iconic landmark in the city.

To oversee the planned expansion of BuzzWorks has appointed Siddharth Verma, who brings with him industry experience in both the hospitality and real estate sectors, to head the BuzzWorks vertical in the capacity of General Manager.

Commenting on the development, Siddharth Verma, General Manager - BuzzWorks said," At BuzzWorks, our commitment is to deliver premium managed offices tailored to the specific needs of our clients. Our spaces are meticulously designed and constructed to meet their day-to-day business requirements. We eliminate the hassle of office hunting, design, and day-to-day management, seamlessly taking over these responsibilities while allowing businesses to focus on their core competencies.

Moreover, BuzzWorks centres are strategically located within Brigade Group's Grade A tech parks, that offer state-of-the-art amenities and services complementing our managed office solutions. Building upon our existing portfolio in Bengaluru and Kochi, we envision expansion into key markets such as Hyderabad, Chennai, and Ahmedabad - including 'Gift City'."

A combination of biophilic design and clever management, BuzzWorks spaces are optimized for collaborative work regardless of the size of the team with ample break-out spaces within the facility. All BuzzWorks spaces are designed in a plug-and-play model thereby reducing the overall costs to end users. Additionally, BuzzWorks offers custom-built workspaces from design and construction to seamless operation.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 732.60 as compared to the previous close of Rs. 738.25. The total number of shares traded during the day was 8695 in over 646 trades.

The stock hit an intraday high of Rs. 749.65 and intraday low of 727.80. The net turnover during the day was Rs. 6428972.00.

Source : Equity Bulls

Keywords

BrigadeEnterprises INE791I01019 Flexible ManagedOffice BuzzWorks PremiumWorkspace BrigadeTowers