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Optum Leases Office Space in Chennai’s Embassy Splendid Tech Zone

Optum Global Solutions, the Indian subsidiary of US healthcare leader UnitedHealth Group, has secured a 500,000-square-foot office space in Chennai—one of the most significant deals in South India’s commercial office sector this year. Situated in the Embassy Splendid Tech Zone, this facility will be Optum’s latest Global Capability Centre (GCC), expanding its existing presence in Noida and Bengaluru, where the company operates an area of approximately 750,000 sq ft. The agreement, finalized with rental rates around Rs 70–75 per sq ft, underscores India’s strategic importance as an innovation hub. A source familiar with the agreement noted, “This expansion will significantly…

WeWork IPO Sees 13% Subscription on Day Two

NEW DELHI: The initial public offering (IPO) of WeWork India Management Ltd, a co-working space operator, has seen a 13% subscription rate by the second day of the share sale on Monday. According to NSE data, the IPO has received bids for 3,423,780 shares out of the 25,489,748 shares offered. In terms of investor categories, the Retail Individual Investors (RIIs) segment has been subscribed at 37%, while the Qualified Institutional Buyers (QIBs) and non-institutional investor quotas received 9% and 6% subscriptions, respectively. WeWork India has raised over ₹1,348 crore from anchor investors. The ₹3,000 crore issue will close on Tuesday,…

BuzzWorks Opens 16,000 Sq Ft Office in Mysuru

NEW DELHI: BuzzWorks, the managed office and co-working division of Brigade Group, has officially launched a new 16,000 sq. ft. center on Vinoba Road in Mysuru. The facility can accommodate over 500 workstations and is situated within the Brigade Vantage commercial complex, which spans 1.3 lakh sq ft. Plans are in place to further expand the center by an additional 16,000 sq ft in the near future. Siddharth Verma, the business head, remarked, “This launch is a part of our broader multi-city expansion strategy that we intend to execute during this financial year.” In addition, BuzzWorks is set to expand…