Microsoft is close to signing a nine-year lease deal with Prestige Group for a 600,000 sq ft office space in Bengaluru, three people aware of the development said.
“The deal is in the final stage of closure,“ they said, adding that the lease is renewable every three years. The Redmond-based technology company , which currently operates out of Embassy Golf Link in the city , is looking for more office space as part of chief executive Satya Nadella’s plan to tap the local market and its engineering talent.
A spokesperson for Microsoft did not confirm the talks but said: “We have a large employee base in Bengaluru and they work out of different offices in the city. We regularly undertake a strategic assessment of our real estate portfolio in Bengaluru to ensure that we have the right long-term plan in place to support our business growth. We will share more details as we finalise our plans.“
Read more: The Economic Times