Samsung India Electronics has significantly expanded its presence in Chennai by leasing 1,000 desks at WeWork’s Olympia Cyberspace facility, marking a strategic move to expand its managed office operations in the region. The lease agreement spans 42 months and encompasses a total area of 61,230 square feet,. “This development effectively doubles Samsung’s footprint in Chennai in the managed space segment. The company’s decision to invest in flexible workspaces underscores its commitment to agility and adaptability in a rapidly evolving business landscape source close to the deal. WeWork’s Olympia Cyberspace facility, provides Samsung with enhanced access to key markets and talent pools, aligning with its broader growth objectives in India. WeWork India did not reply to an email query sent by ET. Samsung’s expansion in Chennai reflects a broader trend among multinational corporations leveraging flexible workspace solutions to optimize operations and foster innovation. As of December 2024, the firm operates approximately 100,000 desks across 63 locations in eight cities: Bengaluru, Mumbai, Delhi, Gurgaon, Noida, Pune, Hyderabad, and Chennai. Global brands such as Amazon Web Services, JP Morgan, Warner Bros. Discovery, Deutsche Telekom, and Grant Thornton are among its existing tenants.
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