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Showing posts from May, 2021

Prestige & Awfis to set up six co-working spaces with Rs 40 crore investment

NEW DELHI: Realty firm Prestige Group has tied up with co-working operator Awfis to set up six centres, comprising around 4,000 desks, in Bengaluru, Hyderabad and Chennai with an investment of about Rs 40 crore. Bengaluru-based Prestige Group and Awfis will jointly invest to set up these centres and also share revenues. These six centres, spread over 2 lakh square feet area, will come up at Prestige Group's commercial properties in the three cities. "The total investment in setting up these six centre is around Rs 40 crore. Both the partners are investing," Awfis founder and CEO Amit Ramani told . He said all these centres will be operational between April and July this year. Ramani said the company will target not just startups and SMEs but also mid- and large-sized corporations looking to decentralise their workplaces amidst the new normal. "Our partnership with Prestige Group aligns us to provide world-class amenities and meet the ever-evolving demand of new-age