Enzyme Office Spaces signs 3.5 lakh sq ft in Bengaluru, expands footprint

Bengaluru: Enzyme Office Spaces has signed lease agreements for 3.5 lakh sq ft in Bengaluru, expanding its footprint across key micro-markets in the city.

Since the beginning of this year, the company has leased around 1.8 lakh sq ft in Whitefield, 1.5 lakh sq ft in HSR Layout, and 16,000 sq ft in Hebbal. These additions are expected to contribute about ₹50 crore in annual revenue.

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The new centres are being developed as managed office spaces with a combined capacity of about 5,000 seats. This will take Enzyme’s total seating capacity to around 60,000 seats across India.

Enzyme currently manages about 2 million sq ft of office space across major cities. The company plans to add another 2–2.5 lakh sq ft through new lease agreements in the next financial year, driven by demand for flexible workspace. Its client base includes Paytm, Vyapaar, Sugar Cosmetics, Cognite, Teachmint, Increff and Sber Bank.

Ashish Agarwal, Founder and CEO, said “The pace of new leases in Bengaluru reflects the increasing need for quality managed workspaces in the strategic commercial corridors. The new additions in Whitefield, HSR, and Hebbal directly support our goal of increasing presence in high growth markets while supporting a steady revenue increase of almost ₹50 crore a year.

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All three centres are being constructed as managed office spaces and will include approximately 5,000 seats. This will take the total seating capacity of the company in India to about 60,000 seats.

We are optimistic about future growth and for the financial year starting April 1, we expect to have 2–2.5 lakh sq ft of new office space in lease agreements, owing to increased need for flexible and managed workspace. The assets in Whitefield and HSR are standalone developments, whereas the space in Hebbal is located in one of the larger commercial developments, Umiya Vellociti, which has a total area of about 6 lakh sq ft.”

The company operates a debt-free model and continues to expand through leased assets across office markets.