CBRE Closes Hyderabad’s Biggest Flex Deal for 2021with Smartworks

CBRE South Asia Pvt. Ltd., announced the biggest flex deal of Hyderabad in 2021 with Smartworks at Aurobindo Galaxy. With businesses evaluating new working models that keep workplace flexibility at the centre, the 232,000 sq. ft offering will help balance employee benefits and business profitability as companies resume normal operations. Anshuman Magazine, Chairman & CEO - India, South East Asia, Middle East & Africa, CBRE said that “Hyderabad’s real estate market has proven to be extremely resilient over the last year and we at CBRE are optimistic that the markets steady growth will continue in the future as well. It gives us immense pleasure to be the advisory and transaction partner on such a deal as it stands a testimony of our market leadership and the sector growth. Our experience, intelligence and focus around the flex sector along with having a dedicated practice demonstrates our commitment and earnestness towards this space”. Neetish Sarda, Founder, Smartworks, said, "Our rapid growth and expansion in Hyderabad over the last three years is driven by strong market fundamentals and an uptick in demand for flexible workspaces post-COVID. Our follow on expansion at the state of the art facility, Aurobindo Galaxy, is in line with our growth plans led by strong pre-leasing commitments from enterprises looking at fully-serviced flexible office solutions. This new facility is India's largest tallest pre-cast tower, tech-enabled, thoughtfully- designed with smart features, collaborative spaces and world-class amenities. We appreciate the hard work and efforts by the CBRE team in helping us identify the right asset at the most strategic location as we continue to expand our footprint in the city.”