In a significant development within the commercial real estate sector, Colliers has successfully facilitated a major transaction for global cybersecurity firm Rubrik. The deal involves leasing 207,000 square feet of office space at the prestigious Embassy Tech Village in Bengaluru. This location is strategically situated on Bengaluru’s Outer Ring Road and is recognized as one of the flagship office parks of Embassy REIT. Embassy Tech Village is lauded for its world-class office spaces, retail hubs, and recreational facilities, making it an attractive destination for top-tier companies. The office park is home to some of the world’s leading firms and sets a high standard for integrated workspaces in India. To further enhance the appeal of this vibrant hub, a new 518-key dual-branded Hilton Hotels is set to open soon, offering unparalleled convenience and hospitality to over 50,000 users daily. This growing ecosystem not only attracts major corporations but also fosters innovation and collaboration among its tenants, making it a key player in the evolving landscape of commercial real estate in India.
Rubrik’s Strategic Expansion in India
Marcus Joseph, Director of Global Workplace Solutions APJ at Rubrik, emphasized the importance of this new workspace for the company’s growth trajectory in India. He stated, “This new workspace is a significant step forward in Rubrik’s journey to scale our operations and strengthen our presence in India.” This commitment highlights the firm’s dedication to cultivating an environment conducive to innovation and collaboration. Joseph noted that India’s exceptional talent pool plays a crucial role in Rubrik’s global strategy. The new facility aims to unlock this potential and foster a culture that drives innovation, positioning Rubrik as a formidable player in the cybersecurity domain. This expansion not only signifies Rubrik’s investment in India but also reflects the growing significance of the Indian market in the global tech landscape.
Colliers’ Role in the Transaction
Colliers has once again demonstrated its prowess in the commercial real estate sector by facilitating this landmark transaction. Arpit Mehrotra, Managing Director of Office Services at Colliers India, stated, “This landmark transaction once again showcases Colliers’ ability to deliver bespoke solutions that perfectly align with the client’s vision.” The successful acquisition of a strategically located office campus equipped with world-class amenities demonstrates Colliers’ commitment to meeting the specific needs of its clients. Mehrotra praised his exceptional team for meticulously handling every detail of the transaction. He believes that the real estate industry in India is on the verge of unprecedented growth, and Colliers is proud to contribute to this dynamic evolution. The trust and collaboration between Rubrik and Embassy REIT highlight the robust partnerships that are essential for success in today’s competitive market.
Embassy Tech Village: A Hub for Innovation
Ritwik Bhattacharjee, Interim Chief Executive Officer of Embassy REIT, expressed enthusiasm about the partnership with Rubrik, stating, “We are delighted to strengthen our partnership with Rubrik as they expand their footprint at Embassy Tech Village.” This sentiment underscores Embassy Tech Village’s commitment to creating world-class business ecosystems that inspire innovation and enable tenant companies to thrive. The collaboration between Rubrik and Embassy REIT is poised to enhance the park’s reputation as a leading destination for companies seeking modern, integrated workspaces. As businesses increasingly prioritize exceptional office environments that foster creativity and productivity, Embassy Tech Village stands out as a prime example of how thoughtful design and strategic location can attract top-tier companies. The future looks promising as Rubrik embarks on this new chapter, and stakeholders eagerly anticipate the positive impact on both the company and the broader industry landscape.
