Avanta’s business centre in New Delhi has ended the year with occupancy levels well over 70% due to an upsurge in demand for serviced office space in India during the second half of the year.
“Statesman House was the first business centre that we opened in India,” comments David Alberto, Avanta’s managing director, “And with the international business community increasingly focussing on India as a high growth market, so the demand for high-quality and fully-serviced flexible space is maturing. Interestingly, our customer base is not limited to major blue chips as large numbers of SMEs, entrepreneurs and even start-ups are now making their presence felt in the Indian capital.
“Avanta has ongoing plans for further overseas investment and we remain committed to India and the US, via our alliance with Regent Business Centres, and we are currently negotiating a number of joint ventures in the Middle East. We will end the year in a positive mood across the board as our business in London has remained remarkably robust with increased levels of occupancy and enquiries.
“We continued expanding during the year by opening a new business centre at 26 Dover Street and we’ve seen the number of training organisations relocating to our centres more than quadruple during the year. Overall the last six months have been better than we expected and our current trading remains ahead of plan which bodes exceedingly well for 2010.”
Avanta was formed in 2004 by David Alberto. The company offers highly flexible, unbranded office space, with advanced and competitively price technology, tailor made to meet the requirements of the occupier. In the UK it currently manages more than 630,000 sq ft of office space in prime locations in London, the Thames Valley, Manchester and Edinburgh.