NEW DELHI: International Real Estate Partners (IREP) has joined forces with India Accelerator to unveil a managed office workspace platform dubbed IREPworkspaces, backed by a ₹100 crore investment over the next 18 months. The initiative is set to establish a presence of nearly nine lakh sq ft across prominent commercial hubs in the National Capital Region (NCR).
The initial phase will involve launching 12–15 managed workspace centers in NCR, aiming to create approximately 15,000 seats. The expansion will concentrate on micro-markets such as Golf Course Extension Road, Udyog Vihar, and the Noida Expressway.
The company has already secured around 1.5 lakh sq ft of space in NCR and plans to acquire an additional 7–8 lakh sq ft in the upcoming quarters.
IREP, known for its integrated real estate and facilities management services globally, will contribute operational and facilities management expertise to this venture, while India Accelerator will leverage its network of startups, mid-sized companies, and enterprises for market access.
