WEWORK

WeWork India ; Co Expands Chennai Capacity with New Lease • 🏢 Capacity Expansion: WeWork India Management Limited signs a lease for 1.41 lakh sq ft workspace in Chennai. • 🪑 Desk Addition: Expansion will add ~2,605 desks to existing capacity. • 📊 High Utilisation: Current capacity utilisation stands at ~83.9%, indicating strong demand. • 💰 Investment: Company to invest ~₹35 crore, funded through internal accruals/debt. • ⏳ Completion Timeline: Capacity addition expected by July 2026. 🟢 Impact: Positive Expansion supports growing demand for flexible workspaces and boosts future revenue potential.