Tag: Global Capability Centre

CommercialLatest Stories

Charles Schwab Leases 3.45 Lakh Sq Ft Office in Hyderabad

BENGALURU: Charles Schwab, a US-based financial services firm, has leased approximately 3.45 lakh sq ft of office space in Gachibowli, Hyderabad, as part of its expansion of global capability center (GCC) operations in India. The company has secured space in Phoenix Equinox Tower 2, a commercial property owned by Phoenix IT City Private Limited, located in Hyderabad’s prime IT corridor. According to documents from Propstack, “The five-year lease, based on the escalation structure, could result in a total rental commitment of around Rs 247 crore. The agreement also includes an annual rental increase of 5%, with a security deposit of…

CommercialLatest Stories

ICE Mortgage Tech Leases 200K Sq Ft in Pune for GCC Setup

American multinational financial services company Intercontinental Exchange, via its subsidiary ICE Mortgage Technology India, has secured nearly 200,000 sq ft of office space spread across 9 floors in a commercial tower located in Pune’s Magarpatta Cybercity through a long-term lease, intending to establish a global capability center (GCC). This space, situated in Tower S3 of the business district, has been leased from Axis Max Life Insurance. The lease encompasses approximately 193,053 sq ft, covering the lower ground floor, upper ground floor, and floors one to seven. The rental rate has been set at Rs 90 per sq ft per month,…

CommercialLatest Stories

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…

CommercialLatest Stories

Colliers India Targets ₹1,100 Crore Order Book by 2025

NEW DELHI: Colliers India aims to achieve an order book of ₹1,100 crore by 2025, a significant increase from its revenue of around ₹700 crore last year. The company has reported a strong start to the year, with its leasing division experiencing a growth of 20–25% over 2024. Sankey Prasad, chairman and managing director, expressed in an exclusive interview with ETRealty that the firm is optimistic about India’s commercial real estate sector, noting strong fundamentals and persistent demand amidst global challenges. As part of its global integration strategy, Colliers is setting up a new Global Capability Centre (GCC) in Bengaluru.…