Awfis to lease 64,000 sq ft of flexible workspace

Awfis to lease 64,000 sq ft of flexible workspace

Awfis is partnering with global real-estate major, Coldwell Banker Richard Ellis CBRE to lease 64,000 square feet of flexible workspace to WayCool Foods in Bangalore and Chennai. WayCool Foods is a farm-to- market supply chain tech startup that will use the leased space to build a state-of-the-art experience centre, robotics labs and premium retail lounge.

The announcement comes amidst increased traction for flexible workplaces as enterprises opt for hybrid work model. Co-working sector was one of the worst hit when the epidemic disrupted the real-estate industry and companies moved to work from home model.

Awfis said it would bring its expertise in catering to highly specialised and customised requirements of companies and make pioneering design innovations for WayCool's new offices in Bangalore and Chennai. Some of the extraordinary provisions include hi-tech robotics, mechanical, IoT and electrical labs, a premium hypermarket setup for its range of products, a state-of-the-art experience centre with high-end retail display, a studio space and a wall for employee artwork, the workspace startup said in a statement.

The leading players in the co-working segment are working on building new design aesthetics for new-age firms with safety, hygiene modules in place. Awfis said he is working with CBRE to source multiple opportunities across India. Awfis currently has a network of 95 coworking centres and 55,000 seats spread across 13 cities and is headed towards the 100 centres milestone by the end of 2021.

The commercial real estate sector has been extremely resilient over the last year. With the role of workplace changing, we at CBRE are optimistic that the sector's steady growth will continue in the future as well. It gives us great pleasure to have facilitated such a deal, as it is a testimony of our market leadership and sector growth. CBRE said that the experience, intelligence and focus around the flex sector and having a dedicated practice demonstrates our commitment to this space, Anshuman Magazine, Chairman CEO India, South East Asia, Middle East Africa.