We Work India, India’s leading flexible workspace provider, have signed its largest expansion deal to date with renowned real estate developer Bhutani Group. This is a long-term operator deal wherein We Work will take up the entire tower comprising 25 leasable floors at Bhutani Alphathum, in Noida.
Under this partnership and deal structure, the entire building P&L will be owned by Bhutani Group along with fit out investments. Facilitated by leading advisory firm Colliers, the WeWork x Alphathum partnership is one of the largest commercial real estate transactions, marking a watershed moment for the real estate sector and a testament to the reliability and trust that leading developers are showcasing towards WeWork India.
WeWork Alphathum will be spread over an area of 660K+ square feet and will house over 8,500 desks over multiple phases driven by demand to offer a spectrum of flexible workspace solutions. Ashish Bhutani, Chief Executive Officer, Bhutani Group commented, “We welcome WeWork at Bhutani Alphathum and are committed to 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. We Work India Real Estate Head Arnav S Gusen has said that the deal will help expand its network in Noida and thanked Colliers for bringing about one of the largest deals.
