HomeReal EstateCommercialAirbus Leases 6.5 Lakh Sq Ft Office Space in Bengaluru to Boost...

Airbus Leases 6.5 Lakh Sq Ft Office Space in Bengaluru to Boost Global Capabilities

Airbus, the European aerospace and defense giant, has leased a substantial 6.5 lakh square feet of office space in Bengaluru’s Titanium Tech Park, marking a major expansion of its operations in India. The company has signed a long-term lease for 10 years, committing to over Rs 500 crore in rental payments for the entire building.

This new office will house Airbus’ global capability centre (GCC), focusing on supporting its worldwide innovation, technology development, and strategic initiatives. As part of the deal, Airbus has the option to expand the space by an additional 150,000 square feet after one year, which could bring the total leased area to 8 lakh square feet. The lease also includes a provision for a 15% rent escalation every three years, ensuring the lease terms are adjusted in line with market conditions. The lease agreement further provides an option to extend the contract by an additional five years, taking the total potential lease period to 15 years. Airbus is set to begin fit-out work at the site in the coming weeks, with the space expected to support a growing workforce in line with the company’s expanding role in India. Airbus has a significant and growing presence in India, which is considered the world’s fastest-growing civil aviation market. The company is deeply involved in commercial aviation, defense, and aerospace manufacturing, with an engineering centre in Bengaluru and strong partnerships with Indian suppliers such as Tata Advanced Systems and HAL.

India’s demand for civil aircraft continues to soar, with major airlines like IndiGo and Air India placing significant orders for Airbus aircraft. In the defense sector, Airbus is involved in projects like the C295 aircraft, with the first ‘Make in India’ C295 expected to roll out from its Vadodara facility in September 2026. The deal also reflects the broader trends in India’s office real estate market, where there is robust demand, especially from global capability centres (GCCs). These centres are a key driver of commercial property absorption in the country, and the government is working on policies to further support their expansion into smaller towns and cities. With the demand for office spaces driven by global and domestic corporations, particularly in sectors like technology and manufacturing, the Indian office market is poised for continued growth. The Airbus lease underscores India’s strategic importance in the global corporate real estate landscape and highlights the country’s resilience as a hub for innovation and manufacturing.

RELATED ARTICLES
- Advertisment -spot_img

Most Popular

Recent Comments

Hitachi Energy India To Invest Rs 300 Crore Expanding Mysuru Insulation Facility

Hitachi Energy India To Invest Rs 300 Crore Expanding Mysuru Insulation Facility

0
Hitachi Energy India is set to make a fresh investment of ₹300 crore to expand its insulation and components manufacturing facility in Mysuru, Karnataka....
Asian Paints WoodTech And Muse Lab Showcase Sustainable Innovation In Modern Wood Design

Asian Paints WoodTech And Muse Lab Showcase Sustainable Innovation In Modern Wood Design

0
Asian Paints WoodTech has partnered with design practice Muse Lab to spotlight the role of wood as both a functional material and a medium...
K Raheja To Transform Iconic Mumbai Famous Studios Through Rs 650 Crore Redevelopment

K Raheja To Transform Iconic Mumbai Famous Studios Through Rs 650 Crore Redevelopment

0
Realty major K Raheja Corp is moving ahead with plans to redevelop the iconic Famous Studios in South Mumbai through a joint development agreement...
Hafele Launches Innovative Design Studio In Ahmedabad Strengthening Brand Footprint And Presence

Hafele Launches Innovative Design Studio In Ahmedabad Strengthening Brand Footprint And Presence

0
Hafele, the global interior solutions major, has deepened its footprint in Gujarat with the launch of an innovative Design Studio in Ahmedabad. The newly...
Nuvoco Vistas To Invest Rs 200 Crore Expanding Capacity By Four MMTPA

Nuvoco Vistas To Invest Rs 200 Crore Expanding Capacity By Four MMTPA

0
Nuvoco Vistas Corporation, one of India’s leading building materials companies, has announced a fresh investment plan worth ₹200 crore aimed at expanding its cement...