Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
Chennai-based Work Easy Space Solutions (WorkEZ), a distinguished provider of managed offices and co-working spaces, embarks on a strategic expansion initiative with the acquisition of four new centres spanning Chennai, Bengaluru, and Coimbatore. In the next 12 months, the company envisages a robust investment of Rs 63 crore for its growth trajectory, with a third of the funds already set in motion. In Chennai, WorkEZ secures three novel centres: WorkEZ Helix in Velachery, offering a capacious 1,25,000 square feet of office space housing 2,500 desks, and WorkEZ Alwarpet, strategically positioned off St Mary's Road, housing 600 workstations in a sprawling 30,000 square feet office, slated to unveil its operations in Q4 2024. Simultaneously, Bengaluru witnesses WorkEZ's leasing of 1,65,000 square feet of office space, designed for nearly 3,300 workstations, poised for inauguration by Q4 2024. Further augmenting its footprint, WorkEZ ventures into Coimbatore with its inaugural center, projected to open its doors in Q3 2024, offering a capacity of 2,000 desks within a sprawling 1,00,000 square feet space. This strategic expansion catapults WorkEZ's managed office space portfolio to an impressive scale, encompassing 1.1 million square feet and accommodating a workforce exceeding 22,000 individuals across 12 centres strategically positioned in three cities. Sunil Reddy, the co-founder and managing director, accentuates the significant strides achieved since the company's inception in H2 2019, boasting an annual portfolio growth rate surpassing 50 percent. Concurrently, WorkEZ's top line exhibits a commendable compound annual growth rate (CAGR) of just over 150 percent, culminating in the commendable achievement of full-year profitability in FY23. Reddy articulates the company's visionary goal, aspiring to propel its overall portfolio to an expansive six million square feet by FY28, strategically expanding its footprint across Tier 1 and select Tier 2 cities. With a commendable occupancy rate surpassing 90 percent across its portfolio, WorkEZ positions itself as a preeminent pan-India player, offering bespoke office solutions catering to a diverse clientele ranging from burgeoning startups to global corporate entities. Reddy underscores WorkEZ's commitment to delivering innovative workspaces that seamlessly adapt to the dynamic demands of contemporary work culture. Harnessing the expertise of in-house design and project teams, WorkEZ crafts tailor-made office spaces designed to foster collaboration, heighten productivity, and elevate employee satisfaction, embodying the company's steadfast dedication to delivering tangible value to clients and landlords alike.
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
We use cookies to give you the best possible service while using our website, please click accept and carry on browsing if you're happy with this. For more information see our Privacy Policy.
Okay, Got it!This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Propscience reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Propscience for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Propscience will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 ("RERA") and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Propscience accepts no responsibility for keeping the information in this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Propscience does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention to third party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Propscience accepts no responsibility for the content, reliability and information provided on these third-party websites. Propscience will not be held liable for any personal information of data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Propscience is not liable for the same. All details regarding a project/property provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. To find out more about a project / development, please register/contact us to visit the site you are interested in. All decisions taken by you in this regard will be taken independently and Propscience will not be liable for any such loss in connection with the same. This Site is for guidance only. Your use of this Site - including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional - client relationship between you and Propscience. Propscience cannot accept you as a client until certain formalities and requirements are met.
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy