ANZ Bengaluru Service Center leases another space from the Embassy Group in Bengaluru.
The company marks its expansion by occupying 6, 00,000 lakhs sq. ft. in Building M3 after being the space occupier since 2008 here. The new space is currently under construction and will have the capacity to absorb 6,000 employees.
Talking about the recent development, Aditya Virwani, COO, Embassy Group said, “We have seen an increasing trend of global occupiers moving forward with their real estate expansion and consolidation strategies, and we are pleased to be able to meet our occupiers’ demand for high-quality, amenity-rich, and sustainable workspaces.”
S V Venkataraman, Managing Director, ANZ Bengaluru said, “With the lease for our current office buildings in Embassy Manyata Business Park coming to an end, for the convenience of our more than 5,000 employees combined with the expected growth of AZ Bengaluru, we wanted to find a new office in close proximity.”
Arvind Madhava Murthy, Chief Operating Officer, ANZ Bengaluru said, “At ANZ we believe the office environment plays an essential role in sustaining our culture and creating unique opportunities for our people to collaborate, learn, and grow. When we move into our new office in Embassy Manyata Business Park in early 2025, we’re excited to be able to offer a state-of-the-art, high-tech working environment that enables engaging experiences and where employees can do their best work and build meaningful career pathways.”
On this development, Rahul Arora, Head of Office Leasing Advisory India & MD – Karnataka & Kerala, JLL India said, “Demand led by return to office and bullish hiring across technology, BSFI, and start-up companies has fuelled office leasing across key cities. Leasing momentum is witnessing a strong acceleration and backed by strong market fundamentals, a healthy supply pipeline, and uptick in demand. Absorption levels are likely to surpass pre-pandemic levels this year. Increasingly, occupiers are focusing on sustainability, wellness, and enhanced employee experience, which is translating to key developers and funds incorporating these elements into newer base building offerings. With Bengaluru stock projected to across 200 million sq. ft. by the end of 2022, we are already seeing a whole generation of new age buildings that are built to directly contribute to occupier sustainability goals.”
Established in 1993, Embassy Group is a reputed real estate development firm helmed by Jitu Virwani, Chairman and Managing Director. By far, the company developed 62+ million sq. ft. of Commercial, Residential, Retail, Hospitality, Services, Educational, and Industrial Warehouses space.
