Smartworks leases 1.68 million square feet of office space to a global IT services company in Kolkata

Smartworks leases 1.68 million square feet of office space to a global IT services company in Kolkata

Real estate firm Smartworks Coworking Spaces Ltd has leased out around 1.68 lakh sq ft of office space in Kolkata to a global IT services company.Recently listed, Smartworks has a portfolio of 14 million sq ft across 61 centers in 14 cities in India and Singapore.

In a regulatory filing on Thursday, the company said it has leased 1.68 lakh sq ft of office space to a global provider of information technology, consulting and business process services.Smartworks did not share the name of the global company.

The IT major’s new office is spread across two Smartworks campuses – Victoria Park and Mediasiti, located in Salt Lake City, Sector V, Kolkata.


“Enterprise adoption of managed campuses has entered a pivotal phase. Large organizations are scaling faster and leaning toward workspace models that provide predictability, depth and seamless expansion,” said Neetish Sarda, Founder and Managing Director of Smartworks.

In the second quarter of this fiscal, Smartworks narrowed its consolidated net loss to Rs 3.13 crore. The net loss stood at Rs 15.82 crore in the year-ago period.

Total income grew 22 percent to Rs 441.06 crore in the July-September quarter of this fiscal, compared to Rs 360.84 crore in the corresponding period of the previous year.

#Smartworks #leases #million #square #feet #office #space #global #services #company #Kolkata

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *