Trimble, a construction technology provider, has leased around 3,00,000 sq ft office space at Varalakshmi IT Park in Chennai, Tamil Nadu.
The Nasdaq listed company has expanded its presence in the city with the new office space.
The office move is part of a longer term strategic commitment to India by Trimble management for growth in captive research and development (R&D) services as well as customer base.
Several factors such as availability of top talent pool, need to provide world-class, holistic facilities to its employees, integrating its India Service Centre, state-of-the-art lab facilities, post-COVID protocols and health-conscious workplace were considered during the selection process.
Knight Frank, a property consultant facilitated the transaction. The rental in the area ranges from Rs 60 to Rs 70 per sq ft per month.
The company has taken the entire building on lease.