Table Space buys office space in Bengaluru for about Rs 500 crore

Table Space, which provides flexible workspace to corporates, has bought 5 lakh sq ft office space in Bengaluru for around Rs 500 crore to expand its business amid rising demand.

According to sources, the company has acquired 5 lakh square feet office space in Whitefield, Bengaluru, for about Rs 500 crore.

Real estate consultant CBRE facilitated this deal, they added.

Table Space President Kunal Mehra confirmed the transaction. CBRE declined to comment.

"Table Space has acquired Kalyani Camellia, Whitefield (Mahadevapura), Bengaluru, covering around 5,00,000 sq ft," Mehra said.

"This is the second Table Space-owned asset in the brand's portfolio," he told PTI.

Mehra did not share the deal value.

The first acquisition was of Panchshil Towers in Kharadi, Pune - spanning over 9 lakh square feet.

"Bengaluru is our most mature and vital market, contributing 46 per cent to overall revenue and poised to remain our largest growth area," Mehra said.

He noted that Table Space is one of