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Urban Vault has leased 21,000 sq ft of office space in Bengaluru to three Japanese companies Nachi, Pioneer, and Komatsu for setting up Global Capability Centres. The deals were confirmed earlier this week, adding to the steady rise in demand from multinational groups expanding their India operations. With these additions, Urban Vault now hosts more than 50 GCCs across major Indian cities. The company continues to scale its footprint, supported by growing interest from sectors such as manufacturing, automotive, engineering, electronics, and technology. Urban Vault currently operates a portfolio exceeding 2.8 million sq ft.
Urban Vault has leased a total of 21,000 sq ft of office space in Bengaluru to three Japanese corporations Nachi, Pioneer, and Komatsu as they prepare to establish new Global Capability Centres in the city. The agreements were finalised earlier this week, reflecting the steady expansion of Japanese companies in India's technology and engineering hubs. Advertisement
The company said in a statement that the new leases strengthen its existing GCC portfolio, which now includes more than 50 such centres across major cities. Global Capability Centres have continued to grow in India over the past few years, with international firms looking to build technology, engineering, and support operations close to skilled talent pools.
Urban Vault's co-founder, Amal Mishra, mentioned that the confidence shown by companies such as Nachi, Pioneer, and Komatsu reflects the firm's focus on providing dependable workspace solutions. He added that India continues to draw interest from multinational companies in manufacturing, engineering, automotive, electronics, and technology, many of which are exploring or expanding their presence in the country.
The company is expanding its own portfolio to address this rising demand. It currently manages more than 2.8 million sq ft of workspace, covering over 70,000 seats across more than 80 locations in Bengaluru, Pune, Gurugram, and other major cities.
Urban Vault reported a turnover of INR 120 crore in the 2024-25 financial year, supported by strong demand for flexible and managed office spaces among global and domestic enterprises.
Source PTI
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