Tata Realty on Leasing Streak, Leases 156000+ sq. ft. in the Commercial Capital of North – Gurugram

Tata Realty and Infrastructure on Leasing Streak, Leases 156000+ sq. ft. in the Commercial Capital of North – Gurugram, signing Johnson Controls & PepsiCo

The leased space will help PepsiCo in relocation and will enable Johnson Control to create 800+ new job opportunities in the region

Gurugram, 4th May2022: With an aim to redefine the commercial landscape in India, Tata Realty and Infrastructure Limited (“TRIL”)has been on a leasing streak for the past 12 months. TRIL - a 100% subsidiary of Tata Sons Private Ltd. announced today that it has leased over 156000+ sq.ft. in the National Capital with Johnson Controls – the global leader for smart, healthy and sustainable buildings, & PepsiCo - one of world’s largest food & beverage enterprise. In the next 24 months, the leasing will gross an operating income of approximately RS. 27 crores.

Johnson Control has leased 85,000-square-foot office space in Intellion Park Gurugram, a unique podium-style IT/ITeS SEZ campus with expansive workspaces, lush greenery, and world-class amenities. This is for setting up their Global Capability Centre, the first of its kind in India for them, which has the potential to grow to 0.5 mn sft. CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, facilitated the deal. PepsiCo has also signed for approx. 71,000 Sq.ft. of space in Intellion Edge, which is spread across 8 acres of prime land in Gurugram's Sector 72 and is one of the flagship commercial office projects with 1.6 million sq.ft. of office space housing Vistara Head Office, Genpact, TaskUs, Simpliworks by Google etc., with three towers, and high-street retail.

Intellion Park, Gurugram, incorporates sustainability, technology, and wellness innovations to provide efficient workspaces that promote collaboration and comfort. When it comes to employee health and safety, the project is also equipped with cutting-edge technology, including MERV filters for cleaner air and a more rejuvenating environment. The property is spread over 25 acres and comes with LEED Platinum Pre-Certification.

The construction quality, design-build, efficient column-less floor plates (43,000 sq.ft.), futuristic building, and specifications have been key aspects while choosing Tata Realty’s Intellion offices. Pre-certified LEED platinum rating along with expansive green space with a sheer focus on the health and wellness of occupiers has been a critical driving factor for the occupiers.

Mr Sanjay Dutt, MD & CEO, Tata Realty and Infrastructure Ltd, said, “Tata Realty is committed to transforming the current commercial landscape to provide the best working experience. Global companies are looking for spaces that have intelligent occupier segregation and businesses that are poised for growth should be ready for some fast-changing work dynamics. Hence, they are looking out for futuristic spaces that can grow with them. Our projects are a symbol of the company’s commitment to the wellness of working professionals and are designed to ensure sustainability at every stage. We are pleased to announce this partnership with PepsiCo and Johnson Control and look forward to building and supporting the workspaces of tomorrow.”

Commenting on the announcement, Mr. Anshuman Magazine, Chairman & CEO - India, South East Asia, Middle East & Africa, CBRE said, “With office absorption expected to cross 40 million sq. ft. in 2022; we anticipate that a sustained drive in leasing activity would continue to bring a new focus on high-quality buildings by developers such as Tata Realty to differentiate their assets and attract occupiers.”

Adding to it Ms. Pavitra Singh, Sr Director HR, PepsiCo India, PepsiCo said, "As one of the global leaders in convenient foods and beverages, we were looking for properties developed by Institutional developers with a successful track record and good financial stability. Furthermore, we wanted a space with exceptional safety and world-class amenities for our employees. Apart from that, one of the most important factors was better Customer relationship management systems and world-class building maintenance. Tata Realty is known for creating vibrant and engaging spaces for brands and their employees, which is why Intellion Edge proved to be an excellent choice due to its highly adaptive approach. Breakout Zones with adequate leisure amenities for de-stressing; LEED Certification was a bonus.”

Additionally, Mitul Rustagi, Vice President, Finance Global Shared Services, Johnson Controls, said,,” Intellion Park by Tata Realty will be a cornerstone to creating a more advanced global capability center that will attract talents and enable them to provide excellent service to our customers. By providing office spaces with cutting-edge safety, wellness and sustainability features, we are prepared for the changing work dynamics and aspirations of the workforce post-COVID "

Institutional grade A offices are becoming popular with global brands to ensure enhanced employee experience & therefore productivity in a post COVID operating environment. Tata Realty is known for establishing Grade “A” commercial developments in Chennai, Gurugram & Mumbai. Now, Tata Realty is aggressively sprinting towards redefining the commercial landscape of India across Bengaluru, Navi Mumbai along with additional assets in NCR and eyeing at 10million sq.ft in the next 3 years and will secure approximately 45 million sq.ft by 2027.