Deals6 Jun 2025, 03:51 pm
Nukleus Office Solutions Ltd Executes LOI for New Co-working Centre in Bengaluru
AI Summary
Nukleus Office Solutions Limited has executed a Letter of Intent (LOI) dated June 4, 2025, with Prestige Estates Projects Limited for leasing a new co-working centre. The new centre, located at Prestige Blue Chip Software Park, Adugodi, Bengaluru, Karnataka, has a gross leasable area of 20,246 Sq. Ft. and is a premium commercial office space in fitted-out condition. The lease term is 5 years from the lease commencement date, which is July 4, 2025, with the rent commencement date set for November 4, 2025, after a 120-day rent-free period. This expansion aligns with Nukleus’s strategic objective of strengthening its presence in key metro markets with high-growth potential in the flexible workspace segment.
Key Highlights
- Nukleus Office Solutions Ltd has executed an LOI with Prestige Estates Projects Ltd for a new co-working centre
- The new centre is located in Bengaluru's Prestige Blue Chip Software Park
- The centre has a gross leasable area of 20,246 Sq. Ft.
- The lease term is 5 years from July 4, 2025, with a rent-free period of 120 days
- This expansion aligns with Nukleus’s strategic objective of strengthening its presence in key metro markets