Table Space Technologies, a pioneering managed workspace provider, plans to invest Rs 1,000 crore in FY23–24 for a 4.5 million-square-foot expansion. CEO Amit Banerji reveals the company's strong growth, having added 3.2 million square feet in 2022–23 with an investment of Rs 800 crore. The innovative 'TS Suites' will offer premium pre-built offices on short-term contracts, backed by cutting-edge technology. A recent capital infusion of over $325 million aids expansion in key Indian office markets. Table Space aims to exceed 8 million square feet by 2023's end. Its robust portfolio includes clients like Google, Apple, AMD, and Mastercard.
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Table Space Technologies, a trailblazing managed workspace provider, is poised to infuse Rs 1,000 crore into its expansion endeavours during FY23–24, charting a trajectory towards an additional 4.5 million square feet of growth, as announced by CEO Amit Banerji. In the past fiscal year, the company aggressively expanded its portfolio by adding a substantial 3.2 million square feet, fuelled by an investment of Rs 800 crore. Banerji envisions a substantial revenue surge for FY23–24, propelling it from the preceding Rs 1,140 crore to an impressive Rs 1,800 crore, buoyed by the upcoming expansion.
Drawing from a recent capital infusion of over $325 million from the globally acclaimed Hill House Capital, Table Space is orchestrating a strategic spread across India's pivotal office property markets. This substantial investment is set to be disbursed in two phases. Setting a precedent for innovative growth strategies, Table Space thrives on the acquisition and transformation of real estate assets into finely tuned, managed workspaces. A pivotal addition to its service spectrum is the introduction of 'TS Suites,' a premium network of pre-built offices tailored to the demands of short-term agreements. This ambitious network strategically caters to the need for secure, compliant, and elite office spaces, establishing a new paradigm in workspace solutions.
Ushering in a tech-driven era, Table Space aims to streamline workspace management through a multifaceted mobile application. This tech marvel not only offers seamless management but also empowers stakeholders with crucial occupancy analytics, facilitating well-informed decisions. Table Space's strategic vision extends to the acquisition of assets in key hubs such as Bengaluru, Gurgaon, Mumbai, and Pune, with the ultimate aim of exceeding a staggering 8 million square feet of cumulative space by the culmination of 2023. Chief Investment Officer at Table Space, Karan Chopra, asserted that the innovation of 'TS Suites' addresses an unmet market demand, offering an unmatched blend of experiences, flexibility, and instant plug-and-play solutions.
Tablescape recently expanded its operations by leasing 1 lakh square feet of office space in Pune. The agreement entails a rent-free period and a five-year lock-in period. The new office will be established in Amar Tech Park, Balewadi, Pune. This marks the company's second significant deal recently, having previously acquired 4.58 lakh square feet in Whitefield earlier this year. Real estate advisor Colliers played a pivotal role in facilitating this deal. In Pune, Table Space presently manages nearly 1.2 million square feet of integrated managed offices, strategically located in prime areas such as Balewadi, Kharadi, Viman Nagar, and Yerwada.
Harnessing the prowess of about 7 million square feet, Table Space stands as a beacon in custom-built workspace management, catering to the dynamic requirements of over 230 clients spanning the length and breadth of India. Noteworthy recent leasing endeavours encompass high-profile Grade-A commercial spaces such as 1 Shobha and UBCity in Bengaluru, Gigaplex in Navi Mumbai, DLFCyber City Building 10 in Gurgaon, BPTP Capital City in Noida, and Panchshil Business Park in Pune. Table Space's operational ambit extends across pivotal cities, including Bengaluru, Hyderabad, Mumbai, Pune, Delhi NCR, and Chennai. It plays a vital role in catering to renowned entities like Google, Apple, AMD, Fujitsu, and Mastercard, thereby establishing itself as a vanguard of innovative workspace solutions.
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