Gurgaon, June, 06, 2018- Webhelp India Private Limited successfully concluded a lease transaction measuring 40,000 sq ft in SP Infocity, Udyog Vihar, Gurugram. As part of its real estate strategy, Webhelp India consolidated two of its existing offices in one location and appointed Colliers International India as their real estate partner and advisor for this transaction. The Gurugram office will now be the India Headquarters for Webhelp going forward.

The project SP Info City is a large Grade A IT/ITeS office campus admeasuring 700,000 sq ft approx. in Udyog Vihar Gurugram that offers efficient floor plates, retail amenities, ample car parking facilities and branding opportunities to name a few.

Speaking on this transaction, Sanjay Chatrath | Executive Director | NCR | Colliers International India, commented, “at Colliers International, we strive to provide best in class real estate solutions to our clients. This transaction is another opportunity to showcase our services in the commercial office space. Our approach to business has always been based on passion and commitment, our continued commitment to this deal helped Webhelp achieve a smooth transition to their new office location.”

Webhelp is a 45,000 people-strong global leader in customer experience and business process outsourcing (BPO). Webhelp specialises in omni-channel customer management and its services have expanded to include payment management and sales and marketing services. Since inception, Webhelp has grown significantly and today the company serves over 500 client partners across 33 countries and 110 sites. In the last four years alone, Webehlp’s revenues have grown by more than 250%.

As per Colliers International India’s Q1 office market report, demand for office space has regained momentum in Gurugram and the overall gross office uptake stood at 1.72 million sq ft (0.16 million sq m) in Q1 2018. We expect demand to remain strong in the coming quarters backed by Technology and BFSI firms. Tenants' demand is likely to remain tilted towards grade A buildings.

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About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIGI) is an industry-leading real estate services company with a global brand operating in 69 countries and a workforce of more than 15,400 skilled professionals serving clients in the world’s most important markets. Colliers is the fastest-growing publicly listed global real estate services company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

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Email: Sukanya.dasgupta@colliers.com
India
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