CHENNAI, India, Feb. 27, 2014 /PRNewswire/ -- The Executive Centre, Asia Pacific's leading premium serviced office provider, is pleased to announce the opening of its first centre in Chennai, India on Level 5, Tamarai Tech Park in the city's fastest emerging district, Guindy.
Renowned for its premium fit-outs, exceptional client-oriented services, and state-of-the-art infrastructure, The Executive Centre has established a strong presence in India since 2008 with three prime serviced office locations in Mumbai and Gurgaon, and has served a number of multinationals including Adobe, Open Text, Salesforce, Coca-Cola, Facebook, Linkedin and Expedia. The new centre will provide fertile ground for local and multinational companies expanding and starting up business in Chennai.
The Executive Centre Tamarai Tech Park is located in Guindy, which is known as the Gateway to Chennai. Guindy is favoured by travellers and businesses since it lies in close proximity to Chennai International Airport, allowing them to have convenient worldwide access. The Grade A building is energy-efficient and uses environmentally friendly materials. It has a total parking facility for 720 cars. 25% of the plot area has been developed with green belt for an eco-friendly atmosphere.
The Executive Centre is prestigiously located on the top floor of Tamarai Tech Park. Inheriting The Executive Centre's tradition of providing a premium and professional working environment, the opulent office space is graced with state-of-the-art technology and refined office fit-outs. Professional and dedicated on-site management teams are ready to offer immediate assistance to meet clients' workplace needs. The open-plan offices can be malleably adjusted to maximise versatility for businesses of different sizes and scales. The centre also provides virtual offices, meeting rooms, video conferencing facilities and a wide range of business concierge services.
According to the recent market report released by Colliers International, the Chennai office market witnessed an increased demand in Q3 2013. The overall absorption of Grade A office space was approximately 1.68 million sq. ft. compared to 1.67 and 1.02 million sq. ft. in the previous two quarters. Despite the completion of premium projects like "Centre Point 2" at Guindy and "Padmavati" at Nungambakkam, overall vacancy levels remain stable.[1]
Nidhi Marwah, Country Head of India, The Executive Centre said, "During the post-recession period, developing countries like India and China are driving the momentum of the world's economy. The World Bank report has good news for India, and its policy makers. Its economic growth will be the strongest among major developing economies from 2013. The World Bank reported that by 2016, the Indian economy is expected to grow by 7.1 per cent, a full 2.3 percentage points over the current rate.[2] The Executive Centre is ready to harvest this growth with an extensive expansion plan in India. In the first half of 2014, we have confirmed the launch of Tamarai Tech Park in Chennai and One Horizon Center in Gurgaon. Projects in Pune and Hyderabad are also on the way."
