Nukleus Office Solutions Ltd has announced the execution of a Letter of Intent (LoI) with Prestige Estates Projects, marking a significant step in its strategic expansion beyond the Delhi NCR region. The LoI pertains to the leasing of a new co-working centre in Bengaluru, one of India’s fastest-growing business hubs.
Key Highlights:
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Nukleus Office Solutions, a leading provider of co-working and managed office spaces, is expanding its footprint outside its core Delhi NCR market, where it currently operates 7 co-working centres and 4 managed office spaces with an 88.48% occupancy rate as of December 2024.
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The new centre in Bengaluru will be developed in partnership with Prestige Estates Projects, a renowned real estate developer, signalling Nukleus’s intent to tap into the burgeoning demand for flexible workspaces in South India.
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This move aligns with Nukleus’s post-IPO strategy to deploy fresh capital for establishing new centres, enhancing technology platforms, and strengthening its national presence.
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The Bengaluru centre will offer state-of-the-art amenities, flexible leasing terms, and a collaborative environment aimed at startups, SMEs, and enterprises seeking premium workspace solutions.
The partnership with Prestige Estates is expected to accelerate Nukleus’s growth trajectory and diversify its geographical presence, reducing dependency on the Delhi NCR market.
The initiative is part of Nukleus’s broader vision to become a pan-India leader in the co-working and managed office segment, leveraging its expertise in design, technology, and community building.
Source: Nukleus Office Solutions Ltd Announcement, Company Website, Investor Disclosures