Expressnews
Chennai, December 2023 – Chennai-headquartered managed office and coworking space provider, Work Easy Space Solutions Private Limited (WorkEZ) proudly announces the signing of five new centres across Chennai, Bengaluru andCoimbatore. With this expansion, WorkEZ has surpassed a significant milestone, securing over 1 million square feet of office space across these three dynamic cities. WorkEZ’smanaged office space portfolio now spans 1.1 million squarefeet with over 22,000 workstations across 12 centres.
The flexible workspace market has experienced substantialgrowth, reflecting the changing preferences of modern businesses. WorkEZ stands at the forefront of this trend, offering versatile solutions that adapt to the dynamic nature of work.
Speaking at the event, Mr Sunil Reddy, Co-founder and Managing Director of WorkEZ said: “Founded in H2 2019, justbefore the onset of COVID pandemic, WorkEZ has grown itsportfolio at an annual rate (“CAGR”) of over 50% to exceed 1mm sq. ft., a key milestone in the Company’s ongoing growthtrajectory. Over the same period, the Company’s top-line hasincreased at a CAGR of just over 150%, enabling full-yearprofitability in FY ’23. WorkEZ offers turn-key office spacesolutions to tenants varying from early-stage startups to globalcorporations, adding tangible value to its clients and landlords alike. Our aim is to become one of the leading pan-India players,promoting profitable growth, with a targeted overall portfolio of six million square feet by FY 2028, across Tier 1 and select Tier 2 cities.”
Mr Prathap Murali, WorkEZ’s Head of Business for India, said: “Our expansion into these new centers solidifies our commitment to meeting the flexible needs of businesses across Chennai, Bengaluru, and Coimbatore. The ever-evolving nature of work culture today demands adaptable office solutions, andWorkEZ remains committed to providing cutting-edgeworkspaces that cater to diverse business needs. WorkEZleverages in-house Design and Project teams to custom-suitoffice spaces that enhance collaboration, productivity, and employee satisfaction & retention for its clients. The strength ofWorkEZ’s value proposition is apparent in its over 90%occupancy rate across its portfolio.”
