WeWork lease out 17,000 sq ft space to 3M India in Bengaluru

NEW DELHI: WeWork India said that the 3M India, an Indian subsidiary of global technology giant 3M, has leased 17,000 sq ft area of flexible workspace at its Prestige Central building in Bengaluru, for a two-year period.

“In recent times we have seen an increased demand from all businesses, especially leading enterprises such as 3M who have recognised the inherent value offered by the flexible workspace model,” said Santosh Martin, chief revenue officer, WeWork India.

About 400 employees of 3M India will sit at its new headquarter.

“This arrangement offers convenience and flexibility for our people, in a contemporary and safe environment,” said Sandhya Ganapathy, head of Corporate Communications, Security and Real Estate, 3M India.

In April 2021, WeWork India had raised Rs 200 crore from investors, through a mix of debt and equity.