Executive Centre to enter Chennai, Bangalore

Our Bureau Updated - March 12, 2018 at 02:34 PM.

The Executive Centre, a serviced and virtual office provider, will open offices in Bangalore and Chennai by 2012.

It is a leading premium service office provider in Asia.

The office space provider also intends to open its second centre in Mumbai.

The Executive Centre has a suite of premium ‘A' grade office spaces in 28 cities in the Asia-Pacific. Its clientele include Salesforce, Blackberry, Facebook, Microsoft and Google, the provider said.

Serviced offices appear to be gaining ground despite the global economic uncertainty. There is a natural tendency for companies to curb overheads and the most common way is to reduce office space or seek short-term leases, it said.

The company has recorded an annual growth rate of 26 per cent since 2004. The demand comes from multinational corporations and start-ups, particularly technology companies.

It has earmarked $18 million for expansion this year with the aim of increasing its total capacity by 31 per cent.

murug@thehindu.co.in

Published on May 21, 2012 19:02