Bhive Workspace has announced expansion with the leasing of 42,000 square feet of premium Grade-A office space in Garudacharapalya, Mahadevapura. This marks its second collaboration with Brigade Group, following our purchase in Summit A on the 8th floor of the same development which has been running for past one year.
Brigade Group is a property developer with over 280 buildings developed across residential, office, retail and hotels, and delivered around 86 million square feet.
The 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.
Shesh Rao Paplikar, founder and CEO of Bhive Group, said, “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.”
This lease is part of Bhive’s broader strategy to expand its managed office space portfolio by an additional 1 million square feet during the current financial year.
Its growth is supported by a strong financial performance with the company projecting a revenue target of Rs 348 crore for FY 2024-25.
