Nokia India renews Bengaluru workplace lease with Embassy REIT

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New Delhi: Telecom gear maker Nokia India has renewed its lease settlement for five.11 lakh sq. toes workplace area at Embassy Workplace Parks REIT’s enterprise park in Bengaluru.

Embassy REIT mentioned in an announcement that it has “accomplished a lease renewal in Embassy Manyata at Bengaluru with Nokia Options and Networks India Pvt Ltd (Nokia India), Indian subsidiary of the Finland primarily based telecom big Nokia.”

Embassy Manyata, which is unfold over 121 acres, is among the largest enterprise parks in India with an operational space of round 12 million sq. toes.

Vikaash Khdloya, Deputy CEO and COO of Embassy REIT, mentioned, “We’re delighted to increase our decade lengthy relationship with Nokia and are grateful for the strengthened partnership. This deal underscores Embassy REIT’s place as the owner of alternative for prime Indian and multinational corporates.”

Embassy REIT is India’s first publicly listed Actual Property Funding Belief (REIT).

It owns and operates a 42.4 million sq. toes portfolio of eight infrastructure-like workplace parks and 4 city-centre workplace buildings in Bengaluru, Mumbai, Pune, and the Nationwide Capital Area (NCR).

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