Sunday, July 14, 2024

Colliers assists renowned reliability data analytics firm, Pinnacle, in setting up first office space in Hyderabad

Trusted real estate advisor, Colliers, led the assignment for Pinnacle and successfully transacted a premium space at Skootr, My Home Twitza in Hyderabad's secondary business district.

Leading industrial reliability solutions company, Pinnacle, has a strong presence in the US and is now setting up shop in India. Trusted real estate advisor, Colliers, led the assignment and successfully transacted a premium space at Skootr, My Home Twitza in Hyderabad’s secondary business district.

Keen on making the right real estate choice for its business and people, Pinnacle appointed the well-known property consulting firm to conduct a thorough market analysis, finally closing in on Hyderabad. Hyderabad has emerged as a preferred market for several sectors including IT, manufacturing and BFSI, driving up the demand for commercial and industrial real estate. According to Colliers’ latest research release, the state witnessed a strong 64% QoQ growth in gross leasing in 2023. 

“Given Pinnacle’s focus on long-term expansion in the professional services and technology sector, our team narrowed its search to Hyderabad’s SBD micro-market. After conducting an exhaustive analysis of Pinnacle’s growth projects and market conditions, we recommended managed spaces as the most viable and cost-effective option. The team negotiated terms that maximized revenue for the client, employing creative financing solutions and other strategies to optimize the transaction”, said Arpit Mehrotra, Managing Director, Office Services, South & Head of Flex, Colliers India.

The 350-seater state-of-the-art managed workspace spans 21,000 sq. ft. aligned with the firm’s parameters of providing an enriched employee experience, the space boasts modern-day amenities like wellness rooms, a fully equipped event space, collaborative workspaces, on-site horticulture, creative zones, and outdoor spaces.

“The Colliers team was instrumental in turning our vision for our office space into reality. As we began our search for office space in Hyderabad, we were searching for a space that would incorporate our values of growth, excellence, and impact and enable our employees with the resources to drive our company vision of making the world reliable, one customer at a time” said Benjamin Brambila, Country Manager, India, Pinnacle.

The Telangana government’s forward-thinking policies and dedicated efforts to support commercial real estate have significantly bolstered the growth of IT companies, creating a dynamic ecosystem for technology innovation and business expansion.

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