BHIVE Workspace expands its footprint in Brigade Metropolis, with a second strategic lease of 42,000 sq. ft.

Bengaluru, July XX, 2024 – BHIVE Workspace, India’s leading provider of managed office spaces, is pleased to announce a significant expansion with the leasing of 42,000 square feet of premium Grade-A office space in Garudacharapalya, Mahadevapura.

This marks our second collaboration with Brigade Group, following our purchase in Summit A on the 8th floor of the same development that has been running for the past 1 year.

Brigade Group is one of India’s leading property developers with nearly four decades of expertise in developing many landmark buildings and transforming skylines across nine cities. With over 280 buildings developed across Residential, Office, Retail, and Hotels, Brigade has delivered around 86 Million square feet.

Brigade Group is a leader in various real estate sectors including residential, commercial, retail, and hospitality with a well-established reputation in developing over 30 million square feet across major Indian cities.

This collaboration leverages Brigade’s legacy of quality and excellence, providing BHIVE with strategically located, premium real estate that supports its expansion and service offerings in key business areas.

Transforming the Business Landscape in Mahadevapura

Our new facility, located on the 7th floor of Summit B, is designed to support 1200+ seats and includes features like collaboration zones, tech-enabled conference rooms, dedicated parking spaces, etc. echoing BHIVE’s commitment to providing accessible and state-of-the-art managed office space solutions.

The location offers strategic advantages, as it is situated in a vibrant area known for its tech industry presence and excellent connectivity.

Visionary Expansion and Strategic Insights

“We are excited about strengthening our partnership with Brigade Group,” said Shesh Rao Paplikar, Founder and CEO of BHIVE Group.

“This new signing supports our strategic vision to enhance our presence across Bengaluru’s key business hubs. The location’s proximity to essential amenities and transport links like the Metro Station, which is just a minute’s walk away, positions us well to cater to top-tier businesses.”

Robust Growth and Future Projections

This lease is part of BHIVE’s broader strategy to expand our managed office space portfolio by an additional 1 million square feet during the current financial year.

Already, we have added two to three properties to our portfolio as part of this plan, significantly increasing our market presence.

BHIVE Workspace’s continued growth is supported by a strong financial performance with the company projecting a revenue target of ₹348 Crore for FY 2024-25, doubling our growth trajectory while maintaining profitability in the competitive managed office space market.

About BHIVE Workspace

BHIVE Workspace stands as a pioneer in the managed office space sector in India, offering an extensive network of prime locations near key metro stations in Bengaluru and Mumbai.

With more than 27 managed offices and enterprise coworking spaces encompassing over 1.8 million square feet and 46,000 seats, BHIVE serves a diverse clientele, including MNCs, entrepreneurs, and businesses of all sizes.

We are committed to further expanding our footprint, providing innovative workspace solutions that meet the evolving needs of modern businesses.