WeWork to take up 25 leasable floors at Bhutani Alphathum
Located in Noida, Alphathum is spread across over 6,60,000 sqft with over 8,500 desks provides a host of benefits through its proximity to the upcoming infrastructure developments including the expressway
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Gurugram Workspace provider, WeWork India and real estate developer Bhutani Group, announced their long-term partnership wherein WeWork will take up entire tower comprising of 25 leasable floors at Bhutani Alphathum, in Noida.
Set to open in Q4 2022, WeWork Alphathum will be spread over an area of over 6,60,000 square feet and will house over 8,500 desks over multiple phases driven by demand to offer a spectrum of flexible workspace solutions. With the launch of this building, WeWork aims to curate a superior workspace experience for members and employees, while creating long term value for landlords.
According to WeWork, this partnership is one of the largest commercial real estate transactions facilitated by leading advisory firm Colliers, marking a landmark moment for the real estate sector.
Situated in a prime location, Alphathum provides a host of benefits through its proximity to the upcoming infrastructure developments including the expressway. The building is equipped with world class amenities for the members including access to a rooftop infinity pool, bowling alleys, dining areas and more. Designed as a steel structure, the building consists of three high rise towers interconnected by a common terrace and is tailor-made to meet the workplace requirements of businesses of all sizes. The building is well connected through various modes of transport including road and metro allowing easy access to professionals from all parts of the city. Bhutani Alphathum and WeWork's long term deal demonstrates the potential created by the changing face of workspaces in India.
Ashish Bhutani, Chief Executive Officer, Bhutani Group, said: "We welcome WeWork at Bhutani Alphathum and are committed in providing them with the highest quality of services. We look forward to a long-term mutually beneficial association which will be significant with respect to vibrant business activities and participation from prospective business communities."
Arnav S Gusain, Head of Real Estate (Product and Procurement), WeWork India, said: "We are delighted to partner with a pioneer like the Bhutani Group and expand our network in Noida through Bhutani Alphathum. We would also like to thank our partner, Colliers who played an instrumental role in helping us secure our largest expansion deal till date. Through this partnership, we not only look forward to strengthening our presence across the Indian market but also showcase a promising future for the consistently rising demand for flexible workspace industry in India. We will continue to meet the evolving needs of our members across the country through such partnerships and service offerings in the future as well."
