Awfis expands its footprint in Bengaluru, Unveils 66,846 sq. ft. of Premium Workspace

Awfis, India's largest network of flexible workspaces announced the launch of two new centres at Mantri Commerce and Vista Pixel in Bengaluru. The centres offer 39,000 sq. ft. and 27,846 sq. ft. built-up areas respectively, expanding Awfis' extensive footprint and providing premium workspace solutions in prime locations.

Strategically situated in key areas, Awfis Mantri Commerce is in BTM Layout, while Awfis Vista Pixel is in North Bengaluru. Both centres provide excellent connectivity to major business districts and are conveniently close to malls, entertainment hubs, and social infrastructure. Upcoming metro lines are set to further enhance accessibility, with the yellow line at Mantri Commerce expected by 2025 and the blue line at Vista Pixel anticipated by 2026.

Designed for the modern professional, both centres display contemporary architecture and state-of-the-art amenities. Awfis Vista Pixel stands out with its stunning glass façade, providing abundant natural light and breathtaking views, while Mantri Commerce, a Grade A building, meets the highest safety standards and offers a rooftop recreation area. In addition, both centres offer advanced technology and facility management services, ensuring seamless and efficient business operations.

Amit Ramani, Managing Director and Chairman, Awfis Space Solutions, said "We are thrilled to announce our latest additions in Bengaluru, a city at the forefront of the demand for premium Grade A office spaces. With its robust infrastructure development and access to a vast pool of skilled talent, Bengaluru is poised for exponential growth. We are confident that the demand for high-end workspaces will continue to surge in the years to come. Our new centres are strategically located to cater to this growing need, offering unparalleled amenities, cuttingedge infrastructure, and a vibrant community that nurtures innovation and collaboration."

Key features of the centre:

- Customer-Centric Approach: Designed to cater to diverse tenant needs, including freelancers, startups, small and mid-sized enterprises, and large-size tenants.

- Awfis Café: Indulge in diverse culinary delicacies and enjoy a comfortable and fun work experience. Awfis Café' at each location provides nutritious meals and an energetic atmosphere for innovating and collaborating

- Amenities: Both centres offer dedicated hot desks, parking, collaboration areas, and meeting rooms

Awfis, a leader in the coworking industry, has established the largest coworking network in the country. As of June 2024, the company operates 1,12,038 seats across 185 centers, covering 5.6 million Sq. Ft. across 17 cities. Awfis has maintained a strong focus on an asset-light and riskaverse approach through its Managed Aggregation (MA) model, with 64% of its centers and 67% of its seats concentrated in this model. This strategy allows Awfis to maximize its return on investment while minimizing risk.

Looking ahead, Awfis plans to further expand its presence in India by adding 40,000 new seats in FY25, bringing its total to 135,000 seats by the end of the fiscal year. This growth aligns with the increasing demand for flexible workspaces and positions Awfis to continue its leadership in the market.

Shares of Awfis Space Solutions Limited was last trading in BSE at Rs. 788.10 as compared to the previous close of Rs. 794.20. The total number of shares traded during the day was 32397 in over 2198 trades.

The stock hit an intraday high of Rs. 819.00 and intraday low of 781.30. The net turnover during the day was Rs. 25887240.00.

Source : Equity Bulls

Keywords

AwfisSpaceSolutions INE108V01019 FlexibleWorkspaces MantriCommerce VistaPixel Bengaluru