Apple agrees to lease more than 40,000 sq ft office space in...

    Apple agrees to lease more than 40,000 sq ft office space in Bengaluru

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    US-based iPhone maker, Apple has agreed to lease more than 40,000 square feet of office space in Bengaluru, where it intends to set up a development centre. The new facility is at Galleria, a 3 lakh sqft office space that belongs to Standard Brick Tile Company in North Bengaluru. The Apple facility will be spread over two floors and house its high-end development centre. Cushman & Wakefield was the adviser to the deal. In May, Apple announced setting up of a new iOS app design and development accelerator in Bengaluru, to support engineering talent and accelerate growth in India’s iOS developer community. The accelerator is expected to open in early 2017. Tens of thousands of developers in India make apps for iOS, the mobile operating system that is the foundation for iPhone, iPad and iPod touch. The facility in Bengaluru will be Apple’s second after Hyderabad, where it has taken 2.5 lakh sqft of office space in a special economic zone at Gachibowli. The $25 million technology centre is set to focus on the development of maps products and employ 4,000 people. Bengaluru and Hyderabad have been the top destinations for technology firms, including Google and Microsoft to expand their presence in India.

    Source: realty.economictimes.indiatimes.com

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