Prestige Grp, Awfis to invest Rs 40 cr for 6 co-working centres

New Delhi: Bengaluru based Prestige Group has joined hands with flexible office player Awfis to establish six centres having 4,000 desks. The total investment will be Rs 40 crore and the centres will be set up at Prestige Group's commercial properties in Hyderabad, Bengaluru and Chennai.

The six centres, spread over 2 lakh sqaure feet, will be functional between April-July this year. The two companies will make the investment together also share revenues. Of these 6 centres, four of them will be set up in Bengaluru's prime locations-Out Ring Road, Koramangala and 2 in Whitefield. One centre will be set up at Begumpet in Hyderabad and Guindy in Chennai, the two compnaies said in a statement. 

Awfis will “deepen this partnership further” to set up centres in other micro-markets and other buildings also.

 

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