Tata Realty and Infrastructure leases 156000+ sq. ft. office space in Gurugram

Gurugram, May 4, 2022:  Tata Realty and Infrastructure Limited  on Wednesday announced today that it has leased over 156000+ sq.ft. in the National Capital with Johnson Controls and PepsiCo.

According to a press release issued by the company, Johnson Control has leased 85,000-square-foot office space in Intellion Park Gurugram, an IT/ITeS SEZ campus with expansive workspaces. This is for setting up their Global Capability Centre, the first of its kind in India for them, which has the potential to grow to 0.5 mn sft. PepsiCo has also signed for approx. 71,000 sq. ft. of space in Intellion Edge, which is spread across 8 acres of prime land in Gurugram’s Sector 72 and is one of the flagship commercial office projects with 1.6 million sq.ft. of office space housing Vistara Head Office, Genpact, TaskUs, Simpliworks by Google etc., with three towers, and high-street retail. 

Sanjay Dutt, MD & CEO, Tata Realty and Infrastructure Ltd, said, “Global companies are looking for spaces that have intelligent occupier segregation and businesses that are poised for growth should be ready for some fast-changing work dynamics. Hence, they are looking out for futuristic spaces that can grow with them. Our projects are a symbol of the company’s commitment to the wellness of working professionals and are designed to ensure sustainability at every stage. We are pleased to announce this partnership with PepsiCo and Johnson Control and look forward to building and supporting the workspaces of tomorrow.”

Commenting on the announcement, Anshuman Magazine, Chairman & CEO – India, South East Asia, Middle East & Africa, CBRE said, “With office absorption expected to cross 40 million sq. ft. in 2022; we anticipate that a sustained drive in leasing activity would continue to bring a new focus on high-quality buildings by developers such as Tata Realty to differentiate their assets and attract occupiers.”

Pavitra Singh, Sr Director HR, PepsiCo India, PepsiCo said, “As one of the global leaders in convenient foods and beverages, we were looking for properties developed by Institutional developers with a successful track record and good financial stability. Furthermore, we wanted a space with exceptional safety and world-class amenities for our employees. Tata Realty is known for creating vibrant and engaging spaces for brands and their employees, which is why Intellion Edge proved to be an excellent choice due to its highly adaptive approach.”

Mitul Rustagi, Vice President, Finance Global Shared Services, Johnson Controls, said,,” Intellion Park by Tata Realty will be a cornerstone to creating a more advanced global capability center that will attract talents and enable them to provide excellent service to our customers. By providing office spaces with cutting-edge safety, wellness and sustainability features, we are prepared for the changing work dynamics and aspirations of the workforce post-COVID “