Propstack Insights: Office Supply Review
The office construction completions slows in 2017, with 20.68 msf delivered across cities, down by 17% compared to 2016. *Grade A office data only For more details login to office.propstack.com
Tag Archives: Office Space Construction
S&P Global Market Intelligence signs lease for 3.5L sq ft office space
In what could provide a push to information technology and financial services sector in Ahmedabad, a city-based real estate company-Goyal and Company- has signed a lease deed with S&P Global Market Intelligence, a global financial intelligence provider, for office space. “As part of the deal, the local realtor will develop 3.50 lakh sq.ft of office… Read More »
Hyderabad to get India’s largest office space
Telangana’s largest industrial house My Home Group has teamed up with office space specialists RMZ group to build a 10 million sq ft property in Hyderabad. The more than ` . 6,550-crore ($1 billion) office-space project, touted as the country’s largest, is coming up on a 10-acre piece of land in Hyderabad’s upmarket Hitec City… Read More »
Tallest building construction approved in London
The go-ahead was given on Monday for what will be the tallest building in City of London here, media reports said. The 73-storey building, towering to a height of 305 metres, won approval despite a protest from the Royal Palaces because of the impact it will have on the iconic Tower of London, a UNESCO… Read More »
Mumbai seafront redevelopment: Six bidders’ proposals accepted by MbPT
THE MUMBAI Port Trust (MbPT) on Tuesday accepted proposals from six bidders shortlisted for a massive redevelopment project along Mumbai’s eastern seafront. According to MbPT, the project, covering 500 hectares of land along the waterfront, would revamp the eastern facade of the city in the coming years. The plan is to implement an infrastructural overhaul of… Read More »
Gleeds lands two Indian deals
Gleeds has won two major contracts in India, with a total build area of ten million square feet. It will be acting as cost manager for the construction of Brigade Brookefields – a commercial project in Bangalore – and the Surat Diamond Bourse scheme in Surat in the Gujarat region. The projects will be managed… Read More »
Irish commercial property surge will make room for Brexit
New office space planned for Dublin over the next five years can accommodate more than 100,000 extra workers and any companies seeking to relocate as a result of Britain’s vote to leave the European Union, property group Savills said on Thursday. Ireland has called the prospect of Brexit the greatest economic and social challenge it has… Read More »
MPS Group announces Kerala projects
MPS Group on Saturday announced multiple projects in the residential and commercial segments of property development in Kerala. The biggest project is a convention centre at Thiruvananthapuram, with a built up area of 2.5 lakh square feet. “This will be developed on 14.5 acres of land we are holding at Vazhamuttom, on Thiruvananthapuram-Kovalam stretch,” said M… Read More »
Prestige Estates converting Bengaluru mall into IT park
Prestige Estates Projects that recently bought back Singapore headquarters fund CapitaLands stake in a mall project in Bangalore, is converting it into a IT business park due to lower supply in this segment. The Bangalore based company now plans to set up 1 mn sft IT park on the 4 acre property in The city. “There… Read More »
Mahindra World City Chennai unveils new 42-acre phase of industrial zone
Mahindra World City Developers, an arm of Mahindra Lifespace Developers, has launched a new phase in the industrial zone of Mahindra World City Chennai with focus on engineering, automotive, logistics, electronics and pharma companies. The new phase, spread around 42 acres, is located in the domestic tariff area (DTA) at Mahindra World City Chennai, which already… Read More »