BNY Mellon signs largest co-working lease deal in Pune
BNY Mellon) has picked up over 162,000 sq ft workspace in Pune through a lease agreement with flexible office provider 315Work Avenue.
The New York-headquartered company’s latest office is spread across five entire floors at Raheja Woods in one of Pune’s prime commercial zones Kalyani Nagar. In August, 315Work Avenue picked up these five floors in Raheja Woods through a long-term lease of five years.
“This deal marks another milestone in the company’s expansion plans, solidifying its presence in key business hubs.
The demand for co-workspaces is constantly increasing not only because such spaces perfectly fit the new normal, but they also help companies save costs, boost productivity, and enhance work experience of employees,” said Manas Mehrotra, founder, 315Work Avenue.
The American investment banking services company has been expanding its presence in India. In May, ET was first to report that BNY Mellon was set to lease an entire tower with office space spread over nearly 1 million sq ft in Pune’s Kharadi locality from realty developer Prestige Group for a tenure of nine years.
“This transaction reflects the increasing importance and popularity of managed office solutions in today's hybrid working environment, particularly for large enterprise occupiers across sectors,” said Sanjay Bajaj, senior MD-Pune and executive oversight-logistics & industrial India at JLL, which facilitated the deal.
According to Mehrotra, shared spaces are drawing the attention of big and small enterprises alike as they are increasingly attracted by the fusion of creativity and technology.
