Topic
lease
Logistics Prologis Raises Earnings Outlook After Record Lease Signings in Q2
Prologis (NYSE: PLD) reported Q2 revenue of $2.43B (up 11% y/y) and core FFO of $1.63 per share, both beating estimates. The company achieved record lease signings of 67M square feet and raised its full-year core FFO guidance to $6.22-$6.30 per share, signaling strong demand for logistics warehouse space.
Business Accenture leases over 10 lakh sq ft in Hyderabad in ₹1,000 crore office deal
Accenture Solutions Pvt Ltd has leased over 10 lakh sq ft of office space at Aparna Technopolis in Hyderabad, committing more than ₹1,000 crore in total rent over the lease term. The deal, one of the largest commercial office transactions this year, underscores sustained demand from global capability centres for premium office space in Hyderabad.
Business Ola Group renews five-year lease for 4.27 lakh sq ft Bangalore office
Ola Electric and ANI Technologies, part of the Ola Group, have renewed leases for 4.27 lakh sq ft of office space at Prestige RMZ Star Tech in Bengaluru's Koramangala. The five-year agreements, registered in May 2026, carry a combined monthly rent of ₹4.42 crore with a 15% escalation after three years, reflecting stable commercial rentals in the area.
Business US retail giant Target signs ₹1,250 crore lease for 8.3 lakh sq ft at Bengaluru's Manyata Business Park
US retailer Target has taken on a 10-year lease for 8.3 lakh sq ft at Manyata Embassy Business Park in Bengaluru, with a total rental value of ₹1,250 crore. The lease, starting September 2025, includes a monthly rent of ₹8.73 crore and a 15% escalation every three years, underscoring the growing trend of GCC expansion in Bengaluru's tech ecosystem.
Business TCS Renews 1.5 Million Sq Ft Chennai Lease Worth ₹1,420 Crore Over 10 Years
Tata Consultancy Services (TCS) has renewed its lease for nearly 1.5 million sq ft of office space at Chennai One IT SEZ in Thoraipakkam, committing an estimated ₹1,420 crore in rentals over 10 years, according to property analytics platform Propstack. The lease, effective November 1, 2025, covers 14.66 lakh sq ft across multiple towers in Blocks A and B, owned by IG3 Infra Ltd. The deal underscores TCS's long-term commitment to Chennai, one of its largest delivery and talent hubs for global IT services exports.
Business IndiQube Expands Chennai Footprint with 1.5 Lakh Sq Ft Office Lease in Perungudi
IndiQube Spaces Ltd has signed a 15-year lease for 151,462 sq ft of office space in Chennai's Perungudi locality at a monthly rent of ₹64 per sq ft, with total rental commitment estimated at ₹235 crore. The move underscores rising demand for flexible office solutions from enterprises and startups in Chennai's OMR corridor.