Qualcomm has leased more than 600,000 sq ft in Bengaluru to expand its operation in the city. This is the semiconductor and software maker’s third largest office deal in 10 months.
The company will be paying ₹95 per sq ft as rent for the long-term lease, including escalations every three years, mentioned in a lease document shared by Propstack, a data analytics firm.
The new office will come up in Bagmane Capital-Angkor in Bengaluru, a major hub for technology firms. The space will be taken up in two phases by Qualcomm. “Qualcomm will occupy ground plus 12 floors in the upcoming facility for a tenure of 108 months,” mentioned the document.
Late last year, the firm took more than 1.8 million sq ft spread over an entire 20-storey commercial tower in realty developer K Raheja Corp’s information technology park in Hyderabad. It was Qualcomm’s largest office set up anywhere outside of the US.
It has also released 7, 00,000 sqft ft at Ramanujan IT Park in Chennai. Qualcomm has India offices in Mumbai, Bengaluru and Delhi, apart from multiple offices in Hyderabad.
Published On Oct 24, 2023 at 09:12 AM IST
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