Enzyme Office Spaces Leases 3.4 Lakh Sq Ft of Flexible Space in Bengaluru
Enzyme Office Spaces, a managed workspace provider, has secured 3.4 lakh sq ft of flexible space in Bengaluru for a total of ₹2.5 crore in monthly rent for 10 years, according to Ashish Agarwal, founder and CEO.
Key Details of the Lease:
- Lease duration: 10 years
- Monthly rent: ₹2.5 crore
- Space locations: Whitefield, HSR Layout, and Hebbal
- Total space: 3.4 lakh sq ft
The company plans to sublease the spaces to global capability centres (GCCs) and startups, targeting ₹50 crore in annual revenue by the next financial year, Agarwal said.
Facilities and Plans:
Enzyme Office Spaces has taken around 1.8 lakh sq ft in Whitefield, 1.5 lakh sq ft in HSR Layout, and 16,000 sq ft in Hebbal. The company aims to expand its seating capacity across India to about 60,000 seats with these additions.
Locations and Occupancy:
- HSR Layout: Expected to cater largely to startups, with a seating capacity of about 5,000
- Whitefield: Expected to attract global capability centres (GCCs), with a seating capacity of about 5,000
- Hebbal: Expected to attract GCCs, with a seating capacity of about 5,000
The HSR property is expected to be handed over within the next three months, while the Whitefield asset is currently undergoing building modifications. The Hebbal space is expected to be handed over by April, Agarwal said.
Future Plans:
Enzyme Offices is targeting to sign 2–2.5 lakh sq ft of additional office space in the financial year beginning April 1, driven by growing demand for flexible and managed workspaces, Agarwal said.
Portfolio and Clients:
Enzyme Offices currently manages a strong portfolio of 2 million sq ft of premium workspace assets across key markets. Its key clients include Vyapaar, which occupies about 4,000 seats, and Paytm.
Previous Transactions:
- In June last year, Enzyme Office Spaces leased 90,000 sq ft of customised office space in Bengaluru.
- In early 2025, SUGAR Cosmetics leased a 14,000 sq ft space comprising 300 seats at Enzyme’s Andheri East centre in Mumbai.
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Also Read: Vyapar leases 90,000 sq ft commercial space from Enzyme Office Spaces in Bengaluru
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