The MLS Group, a UK-based serviced office space provider, has launched its Indian operations with the opening of a 33,000-sft facility in Chennai at an investment of Rs 4.5 crore. | |
| Paul Barrington Williams, founder and CEO of the UK-based group, said MLS had, down the years, gained expertise in putting up high quality, flexible and affordable office space for the benefit of business customers who look for medium to short-term quality commercial space. |
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| A second facility of over 15,000 sft will be ready in Chennai by the third quarter of this calendar year. MLS India expects a turnover of Rs 10 crore at the end of fiscal 2008, and is targeting Rs 20 crore in revenues at the end of 2008-09. It will invest over Rs 25 crore in India by the end of fiscal 2009, when five new centres are expected to become operational. |
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| "We are keen to capitalise on opportunities in key high-growth emerging markets, not only in the metros, but also in tier II cities like Mysore, Coimbatore, Hyderabad, Pune and Chennai," S Sridhar, director (India operations), MLS Group, said. |
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| MLS sees big demand for quality commercial space for all sectors, especially MNCs, who are moving in to set up base in India. It has tied up with international property agents like Jones Lang LaSalle, CB Richard Ellis South Asia, and Colliers International to market the space. |
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