Simpliwork Offices, India’s leading provider of outsourced office solutions, has announced a significant milestone in its growth journey with the leasing of approximately 150,000 square feet of prime office space in Bangalore from the prestigious Embassy REIT portfolio. This expansion underscores Simpliwork’s commitment to establishing a robust presence in India’s leading business hubs and meeting the surging demand for flexible, Grade A workspaces.
The newly acquired space at the H2 Block of Embassy Manyata Business Park, marks Simpliwork’s largest single acquisition in Bangalore to date. The new space in Embassy Manyata Business Park will cater to two distinct client needs: ready-to-move-in workspaces for businesses seeking immediate occupancy, and fully customizable office solutions tailored to specific client requirements. This dual offering aligns with Simpliwork’s strategy to provide agile, scalable, and high-quality office spaces that meet the evolving demands of businesses in India.
Simpliwork Offices is on a strong growth trajectory. The company, which is set to close this fiscal year with revenues between INR 850 to 900 crore (up from INR 780 crore in the previous year), has consistently demonstrated financial strength, with EBITDA margins anticipated to range between 18.5% and 21% this year. These figures highlight Simpliwork’s ability to maintain profitability while scaling operations.
