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Wednesday, July 24, 2024

Colliers Facilitates 500,000 Sq. Ft. of Premium Commercial Space for Leading French Multinational in Bangalore’s Whitefield

Deep expertise to drive market-leading transactions

French multinational providing electric and digital products & services, the firm has a rich history of exploring sustainable solutions through a wider lens. Focused on driving digital transformation through pioneering energy technologies, the firm has been on the path of integrating progress and sustainability.

The Requirements

The client was considering consolidating their office space in Bangalore and creating a futuristic office that would also serve as an experience center. This way, the employee and customer experience would be amplified. Keen on showcasing their digital products, the space needed to be tech-enabled, with scope for expansion and upgradation.

The Challenge

The micro-market of Whitefield is a sought-after one with perennial demand and limited supply. Since it was Colliers’ first time working with the client, our experts had to join forces to tap into their collective expertise, industry relations, and knowledge to navigate unprecedented challenges while transacting the space.

The Approach

The first step was to build trust and confidence of the client. Our experts achieved this by conducting a thorough market study and presenting a series of viable choices that were in the best interest of the client. The findings reflected apt spaces that could be considered to optimize capital and operational costs and provide an enriched employee and client experience.

Assisting the client in weighing the pros and cons of each suitable space, the client made an informed choice and finalized a premium Grade A space in Whitefield. On behalf of the client, our experts conducted multiple rounds of negotiation with the various parties involved. Through the complexities of the negotiation process, our team displayed a calm demeanor with a clear focus on striking a winning deal for the client.

The Result

The 500,000 sf space was successfully transacted in an exceptional turnaround, at a competitive rental. We are immensely proud of the careful planning, attention to detail, and a commitment to excellence demonstrated by Mazhar Mulani and Arpit Mehrotra in successfully closing the transaction to the satisfaction of all parties involved.

Source: colliers.com

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