Colliers, a prominent global professional services firm, has successfully facilitated a significant transaction for Rubrik, a leading cybersecurity company. The deal encompasses a remarkable 207,000 square feet of office space located in Embassy TechVillage, Bengaluru. This thriving business park is strategically situated along Bengaluru’s Outer Ring Road, a key area for commercial real estate development in India. Embassy TechVillage stands out as one of Embassy REIT’s flagship office parks, offering world-class office spaces, retail hubs, and recreational facilities designed to cater to the needs of modern businesses. It is home to numerous multinational corporations, setting the benchmark for integrated workspaces in the region. In addition to its impressive amenities, Embassy TechVillage is set to enhance its appeal with the upcoming launch of a 518-key dual-branded Hilton Hotels, which will provide unmatched convenience and hospitality to over 50,000 park users daily. This development aligns with the growing demand for premium office space and services in India, reinforcing the country’s position as a global business hub.
Rubrik’s Strategic Expansion in India
Rubrik’s decision to secure this expansive workspace marks a pivotal moment in the company’s growth strategy within the Indian market. Marcus Joseph, Director of Global Workplace Solutions APJ at Rubrik, expressed that this new facility represents a significant leap in the company’s efforts to enhance its operational capabilities in India. He emphasized that the workspace is designed to foster an environment conducive to innovation and collaboration, essential for empowering employees to deliver exceptional work. The emphasis on creating a supportive work culture reflects Rubrik’s recognition of the exceptional talent pool available in India, which plays a critical role in the company’s global strategy. As the cybersecurity sector continues to evolve, Rubrik’s investment in this new facility highlights its commitment to nurturing local talent and driving innovation that is vital for shaping the future of cybersecurity. The new office space is not just a physical location; it symbolizes Rubrik’s long-term vision for growth and its dedication to creating a workplace that inspires creativity and collaboration.
Colliers’ Role in Facilitating the Transaction
Colliers has once again demonstrated its expertise in navigating the complexities of the real estate market by facilitating this landmark transaction. Arpit Mehrotra, Managing Director of Office Services at Colliers India, noted that this deal showcases the company’s ability to provide tailored solutions that align closely with client needs. Rubrik sought an office campus that was not only conveniently located but also equipped with state-of-the-art amenities to support its operations. Mehrotra expressed pride in his team’s meticulous attention to detail throughout the process, which was crucial in meeting Rubrik’s specific requirements. The real estate landscape in India is undergoing a transformative phase, and Colliers is at the forefront of this evolution, contributing to the growth and dynamism of the industry. The collaboration with Rubrik and Embassy REIT exemplifies Colliers’ commitment to fostering partnerships that drive innovation and success in the commercial real estate sector.
Embassy REIT’s Commitment to Innovation
Embassy REIT has reiterated its commitment to creating world-class business ecosystems that foster innovation and enable tenant success through its partnership with Rubrik. Ritwik Bhattacharjee, Interim Chief Executive Officer of Embassy REIT, expressed excitement about strengthening the relationship with Rubrik as they expand their presence in Embassy TechVillage. He highlighted that the park is designed to inspire innovation, offering a conducive environment for businesses to thrive. Embassy TechVillage is not just a collection of office spaces; it represents a vision of integrated workspaces that cater to the needs of modern enterprises. The addition of the Hilton Hotels is expected to elevate the overall experience for park users, making it a preferred destination for businesses looking to establish themselves in Bengaluru. This partnership with Rubrik further underscores Embassy REIT’s dedication to nurturing a vibrant business community, ensuring that its occupiers have the necessary resources and support to succeed in their respective fields.
