BWI: Recession not a Hurdle for Avanta India’s Serviced Offices

Press release from Business Wire India
Source: Avanta
Tuesday, May 12, 2009 07:03 PM IST (01:33 PM GMT)
Editors: General: Economy; Business: Business services, Real estate
Release no: 19918
--------------------------------------------------
Recession not a Hurdle for Avanta India's Serviced Offices


Mumbai, Maharashtra, India, Tuesday, May 12, 2009 -- (Business Wire India) --
-- Demand for serviced office space grows during economic slowdown
-- Avanta India shows steady growth on the back of increased customer interest for flexibility, cost savings & immediacy

Avanta UK, a leading name in the serviced office market in the UK, has continued to receive encouraging response for its Serviced Office centres in India. Avanta, which launched its India operations in September 2008, currently has three centres in Mumbai and Delhi.

Avanta India's office bookings have grown in the recent past notwithstanding the slowdown in the economy. This is mainly because more and more corporates are seeking serviced offices for their operations rather than traditional office spaces, mainly to avoid heavy upfront investments and flexibility. Avanta's facilities at New Delhi and Mumbai have seen a healthy jump in bookings in the last two months.

Commenting on the overwhelming response, Mr David Kinnaird, Avanta's Group Operations Director, said, "Corporates have realized that a serviced office definitely has an edge over its traditional counterpart, mainly in today's scenario where companies are avoiding heavy investments. Our offices come with clear advantages in terms of excellent location, Grade A buildings, flexibility to move in and out, fit outs and maintenance. This allows our customers to concentrate on their business while we take care of everything else related to their office space requirements. Also, Avanta's all inclusive clear, transparent business service package has been well accepted by all our clients."

Avanta is now looking at opening more facilities in Mumbai and Delhi and is currently is in talks with developers at prime locations. In Mumbai, Avanta is looking for space in Lower Parel and Andheri whereas in Delhi NCR, the group is looking at Gurgaon, Saket and Noida.

According to Mr Karolath Gopinath, Resident Representative of Norwegian shipping company Höegh Autoliners AS, who have taken over 100 workstations office at Avanta's Platina centre in Mumbai's Bandra Kurla Complex area, "We had several options before us for setting up our operations but we chose Avanta's Platina centre mainly because of the prime location, no capital investments and the ability to start work from day one. Also, as Avanta provides all back end services & maintenance, we can concentrate on our core expertise area. These backend services help in reducing manpower costs and save executive time, which are other factors that we considered seriously before moving to Platina."

Avanta, which started its India operations in September 2008 with their first office in Connaught place, New Delhi, has two facilities in Mumbai at Fort and Bandra-Kurla Complex. Platina, at the Bandra Kurla Complex andspread over two floors with 50,000 sq feet of space, is India's biggest serviced office facility. Oval House at Fort has 32,000 sq. feet of office space whereas Statesman House in Connaught Place, New Delhi, has over 21,000 sq. feet of office space.

Avanta offers flexible spaces ranging from two workstations to an entire floor that are configured to meet each customer's specific needs. With excellent locations and transport links for all its three facilities, Avanta centres are ideally located for business. The service centres also offer customers meeting and training room facilities on 'pay as you use basis'. The meeting rooms - complete with audio and video conferencing facilities - can be hired for flexible durations for trainings sessions, company meetings, interviews, and / or for seminars.

About Avanta:

Avanta is a leading name in the serviced office market, with a rapidly growing portfolio of office suites in prime locations across the United Kingdom and now India. Since its inception in 2004, Avanta has enjoyed rapid expansion and now manages over 740,000 sq ft of office space across 21 locations and is continuing its UK and international expansion programme. Avanta offers highly flexible, non-branded office space with advanced and competitively priced technology, tailor-made to meet the requirements of the occupier. As a matter of policy they refurbish and re-equip every centre they acquire to the highest specifications, in line with customer expectations.

Visit www.avanta.co.uk and www.avanta.co.in for more details.



CONTACT DETAILS
Pratip Biswas, Comma Consulting, +91 9987022573, pbiswas@comma.in

KEYWORDS
ECONOMY, BUSINESS SERVICES, REAL ESTATE

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com