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indiqube: Wolters Kluwer leases 120,000 square feet of flexible office space from IndiQube

Dutch technology firm Wolters Kluwer has leased about 120,000 square feet of flexible office space from IndiQube, a tech-enabled flex-space startup, in one of the largest flexible office leasing deals this year.

The property located in Yerwada, IndiQube Orchid, can seat 1,100 employees.

“Expanding in Pune is a significant milestone for us. Collaboration lies at the very core of our culture as an organisation, and we believe our modern office will inspire our engineers and developers to continue to innovate and develop products for the future of the tax and accounting professions,” said Karen Abramson, CEO, Wolters Kluwer.

Wolters Kluwer is a global software solution and service provider enabling the digital transformation of the Indian healthcare, tax and accounting sectors.
The firm reported revenue of 4.8 billion euros globally for 2021.

It has operations in more than 40 countries, with customers in more than 180 countries, and a workforce of about 19,800 employees.

IndiQube has 75 properties totalling more than 6 million sq ft spread across 11 cities. The company recently raised $30 million in funding led by the promoters, WestBridge Capital and angel investor Ashish Gupta.

“Powered by in-house technology, our enterprise solution caters to the entire gamut of workspace requirements with unmatched customisation, design personalisation and service aggregation, while keeping employee delight at its heart,” said Rishi Das, co-founder, IndiQube.

IndiQube, a workspace solutions startup, caters to an entire ecosystem of multinationals, unicorns, startups and offshore development centres, leveraging technology.

The company has recently leased spaces to companies such as Myntra, Samsung, Unacademy, Slice, Zerodha and Lead School.

The concept of a flexible working model has become much more acceptable in the post-pandemic world as work-life balance takes prominence. Not only are enterprises allowing remote work but also they are opening up satellite offices to bring offices closer to employees.

“India as an outsourcing and offshoring destination is expected to remain the office market of choice given the still-affordable real estate costs, the large talent pool, and the already existing ecosystem,” said Samantak Das, chief economist, India, JLL.

The nine-month flex seat take-up is at an all-time high of 95,000 seats, with the year likely to end with more than 120,000 seats, according to JLL.

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