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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Delhi NCR Sees New Affordable Plotted Housing Push

Delhi NCR Sees New Affordable Plotted Housing Push

0
Delhi NCR’s housing market is witnessing a renewed push towards peripheral, master-planned developments as a large integrated township project opens plotted residential options in...
Indian Railways Drives Shift to Bulk Cement Logistics

Indian Railways Drives Shift to Bulk Cement Logistics

0
Indian Railways’ recalibration of freight pricing and logistics for bulk cement movement is beginning to reshape how one of India’s most carbon-intensive construction materials...
Ashiana Housing Expands Elder Living Footprint In Maharashtra

Ashiana Housing Expands Elder Living Footprint In Maharashtra

0
A listed residential developer has expanded its footprint in Maharashtra by securing a sizable land parcel in Raigad district, marking a strategic push into...
Standard Chartered Bank Divests Prime Office Asset In Mumbai BKC

Standard Chartered Bank Divests Prime Office Asset In Mumbai BKC

0
Mumbai’s Bandra Kurla Complex (BKC) has recorded another high-value commercial property transaction, underlining the continued strength of India’s most expensive office micro-market. A global...
RBI Allows Banks To Lend Real Estate Investment Trusts Directly

RBI Allows Banks To Lend Real Estate Investment Trusts Directly

0
India’s central bank has taken a significant step towards reshaping real estate finance by allowing banks to extend direct lending to Real Estate Investment...