Table Space News Today

With students occupying tables for hours without making purchases, patrons wonder if convenience stores are turning into unofficial study halls.

Flexible workspace providers in India are shifting to asset acquisition to meet rising demand. Major players like Table Space and EFC are expanding operations through property purchases, driven by increased interest from foreign funds and top corporations opting for flexible workspaces.

Table Space appoints Gaurav Singh as president, a hospitality industry veteran. He will fortify the organizational framework, nurture strategic partnerships, and innovate the next-generation managed office experience. With two and a half decades of experience, he will strengthen customer relationships and position Table Space as a leading provider of luxury workspace solutions.

The proposed investment will be in the range of $300-400 million. Novarete plans to expand its IT-enabled BPM platform in the healthcare, insurance and select banking and financial services (BFSI) sectors through organic growth and acquisitions. With the significant capital commitment from Hillhouse, Novarete plans to expand its team within a couple of months, said sources.

The cumulative rental payout for the transaction is over Rs 333 crore through the total term. The agreement includes a provision that grants Table Space an option to lease an additional 1.97 lakh sq ft of office space, thereby expanding the total deal size to nearly 3.30 lakh sq ft.

The cumulative rental payout for the transaction is over Rs 333 crore through the total term. The agreement includes a provision that grants Table Space an option to lease an additional 1.97 lakh sq ft of office space, thereby expanding the total deal size to nearly 3.30 lakh sq ft.

Experts say the office supply completions across the top seven cities in India will touch 165 million square feet between 2023 and 2025 while Bengaluru will lead the supply with 29 percent of the total share in India.

WeWork India, Smartworks, Awfis, Table Space and IndiQube - which contribute more than half of the domestic flexible workspace industry - are also looking to add 12 million sq ft in the next financial year even as SoftBank Group-backed startup WeWork filed for US bankruptcy protection earlier this month.

WeWork India has signed lease agreements for two new buildings -- Manyata Redwood in Bengaluru, and RMZ Spire in Hyderabad -- to open two new centres in the next few months.

Goldman held around 70% in the company that owns and operates third-party purpose-built, on-campus student housing assets across key universities including Manipal University, OP Jindal Global University and Shoolini University.