Leading real estate group Spaze leased out large office space to giant hospitality chain OYO in its commercial establishment, Spaze Palazo, located in Sector 69, Gurugram. OYO will not just establish its corporate office in Spaze Palazo but will also look to expand in the same building.
It also indicates a strong comeback of commercial projects with big companies taking up office spaces and returning to work from office set-up. It shows that the commercial real estate market has pulled an upswing growth movement as the effects of pandemics wave. The possession of the commercial leasing by OYO will also take place soon.
Spaze Palazo is a well-integrated combination of business and retail and a bustling centre of business and recreation activities. It has multi-cuisine restaurants, big corporate house offices and other outlets of various brands, serving the demands of the growing population of the region. Other features include a self-integrated commercial park, multi-level basement parking, world-class landscaping, and built-in compliance with Zone-V seismic considerations.
The Spaze Group is offering retail spaces of approx. 55,000 sq ft and 65,000 sq ft super area on the ground and first floors. While second to twelfth floors in Spaze Palazo is dedicated to office spaces of approx. 18,000 sq ft to 20,000 sq ft super area each.
Harpal Singh Chawla, Director, Spaze Group, said, “We are delighted to inform everyone that OYO has taken space in Spaze Palazo to open their corporate office. Spaze Palazo in SPR is emerging as a top retail and office space choice for big brand names. Other big names that have taken space in our establishment are Moti Mahal, ICICI Bank to name few”.