Prestige & Awfis Announce Partnership for Flexible Working Spaces
Prestige Group announced their partnership with Awfis, to add six new centres to its property portfolio. This partnership endeavors to accelerate growth for both companies in the fast-evolving co-working space. This revenue sharing strategic alliance leverages Prestige Group’s and Awfis’ respective strengths, expertise and capabilities to create compelling value for both companies and their discerning customers.
Through this collaboration, Awfis will offer over two lakh sq. feet of Grade-A flex office spaces within Prestige Group’s premium commercial properties in Bangalore, Chennai, and Hyderabad covering a total capacity of over 4,000 seats. The spaces being transacted are a combination of first generation and second-generation spaces. Of the six centres, four are located in Bangalore’s prime commercial locations namely; Koramangala, Outer Ring Road and two in Whitefield the other two centres in Guindy, Chennai and Begumpet, Hyderabad respectively. These centres aims to serve the Prestige campus tenant’s with benefits such as cutting-edge interiors coupled with modern amenities and technologies.
This perfectly combines both the company’s efforts to cater to the growing demand for co-working spaces amongst not just startups and SMEs but, also mid and large-sized corporations, looking to decentralize their workplaces, amidst the new normal. The positive sentiment that is being witnessed in the market first-hand from all key stakeholders resuscitates this collaborative initiative to nurture the spirit of innovation and grow in the flexible workspace sector.
This strategic move will unfold under the leadership of Juggy Marwaha, CEO, Prestige Office Ventures. Commenting on the launch, he said, “We are thrilled to kickstart the new decade through our partnership with Awfis. This partnership will help us to accelerate our plans to strengthen our office portfolio and increasing our offering to our large clients, while leveraging the strength of Awfis’ s proven credibility in the co-working space across India. Considering the evolving consumer needs in light of the pandemic, we are bullish on the scope of our association and the longevity of the coworking model in India.