Springer Nature to open their largest office in Pune, India
Germany-based global research publisher leases 1.1 lac sq. ft. space for ~USD 17 mn at Gera Commerzone
Pune, 21 April, 2023: JLL, the leading real estate consultancy firm in the country, announced that Springer Nature Group has leased an office space at Gera Commerzone, business park in Kharadi, Pune. JLL acted as the exclusive partner in this marquee transaction.
The impressive 1.1 lac sq. ft. office space will span across two floors of the massive 7,00,000 sq. ft. building, and Springer Nature has the option to take up an additional 56,000 sq. ft. for further expansion. The total transaction size of 1.1 lac sq. ft. is valued at approximately USD 17 million, for a period of 10 years. The transaction was initiated post-COVID when Springer Nature recognized the need for a futuristic workspace that prioritizes the well-being of its employees and facilitates a safe return to office.
Sanjay Bajaj, Managing Director, Pune, JLL said, “Kharadi is now a preferred location for corporate occupiers owing to the excellent social infrastructure, top-notch schools, hospitals, and residential communities, coupled with excellent connectivity and proximity to the airport. The tenant profile is remarkable featuring a diverse range of large multinational corporations from the BFSI, IT/ITeS, e-commerce, engineering sectors, among others. Office space supply in the micro market is set to reach 25 million sq. ft. in 3 to 4 years with GIC, captives, and shared services being the key growth drivers. These compelling factors were instrumental in Springer Nature's decision to choose Kharadi as its destination of choice. The company recognized that this new address possesses all the attributes necessary to attract and retain talented employees, making it one of the most dynamic employment submarkets in the city."
Matthias Wissel, CEO, Springer Nature Technology and Publishing Solutions said, “The decision to relocate to Kharadi was a strategic move for us, as we were seeking an office space that would align with our vision, values and hybrid ways of working. We were impressed by Kharadi's unparalleled ecosystem, which offers access to world-class infrastructure and a highly skilled workforce. After conducting a thorough evaluation of multiple office parks, we chose Gera Commerzone due to its exclusive location, state-of-the-art facilities, and prestigious neighbours. Moreover, being a part of this vibrant community is a matter of great pride for us, and we look forward to the exciting opportunities that lie ahead. With access to a diverse talent pool, excellent connectivity, and a thriving business environment, we are confident that our operations in Kharadi will be phenomenally successful. We are excited to begin this new chapter in our journey and continue to grow our business in India."
Vinod Rohira, CEO Mindspace Business Park REIT said, “Our campus at Kharadi is a testament to our commitment to building a world-class environment that prioritizes sustainability, safety, and health. Our efforts to minimize our carbon footprint and curate sustainable spaces that benefit the community and ecology at large are evident in the design of our campus. We are thrilled to welcome Springer Nature to our campus as it reaffirms our commitment to delivering the best work ecosystems. We are confident that Springer Nature will appreciate the exceptional work environment at Gera Commerzone, Kharadi, and we look forward to providing them with a comfortable and productive workspace.”
Springer Nature is a global scientific research publishing company with 10,000 employees and over 200 offices in 50+ countries. This modern office in Pune will feature a biophilic design to promote sustainability and align with the company's DEI goals. It will also have linear and agile workstations that prioritize employee comfort and large collaboration areas that encourage teamwork. The new space is a strategic move that will support the company's continued growth in the region. Moreover, the transaction marks a significant development in the commercial real estate market in Pune, with positive implications for the city's economy.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $20.9 billion, operations in over 80 countries and a global workforce of more than 103,000 as of December 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
JLL is India’s premier and largest professional services firm specialising in real estate. The Firm has grown from strength to strength in India for the past two decades. JLL India has an extensive presence across 10 major cities (Mumbai, Delhi NCR, Bengaluru, Pune, Chennai, Hyderabad, Kolkata, Ahmedabad, Kochi, and Coimbatore) and over 130 tier-II and III markets with a cumulative strength of close to 12,000 professionals. The Firm provides investors, developers, local corporates, and multinational companies with a comprehensive range of services. These include leasing, capital markets, research & advisory, transaction management, project development, facility management and property & asset management. These services cover various asset classes such as commercial, industrial, warehouse and logistics, data centres, residential, retail, hospitality, healthcare, senior living, and education. For further information, please visit jll.co.in.
About Springer Nature
For over 175 years Springer Nature has been advancing discovery by providing the best possible service to the whole research community. We help researchers uncover new ideas, support librarians and institutions with innovations in technology and data and provide quality publishing support to societies. We make sure all the research we publish is significant, robust and stands up to objective scrutiny, that it reaches all relevant audiences in the best possible format, and can be discovered, accessed, used, re-used and shared.
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