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Dev Accelerator acquires two office assets in partnership with Prestige Group

08 Jun 2026 Evaluate

Dev Accelerator has strengthened its Bengaluru presence with the acquisition of two premium Grade A+ office assets in partnership with the Prestige Group, marking a significant scale-up in the city’s high-demand Outer Ring Road (ORR) micro-market. The expansion, spanning 1.11 lakh sq ft, will add over 1,200 seats to the company’s portfolio and is expected to generate around Rs 2.2 crore in monthly revenue. 

The first asset, located at Lakeshore Drive opposite Bellandur Lake, sits within a sprawling 90 acres corporate campus that houses global occupiers. Establishing a presence in this elite corporate ecosystem allows the company to offer unparalleled networking and infrastructure advantages. The premium asset, exclusively designed to cater to evolving enterprise requirements, is expected to launch on August 01, 2026, with an investment of around Rs 10 crore towards fit-outs and infrastructure development.

The second development, Prestige Featherlite Tech Hub, is an integrated Grade A+ asset that champions the Walk to Work model. The asset caters to occupiers prioritising reduced commute times, improved employee experience, and operational efficiency. Securing prime real estate on the Outer Ring Road strengthens the company’s footprint in one of Asia largest IT corridors. The dual acquisition caters to the rising demand for flexible institutional grade workspaces among global capability centers and large enterprises.

Dev Accelerator, along with its subsidiaries and its associate companies, is primarily engaged in the business of providing workspace on rent, integrated facility management income (facility management services) and enterprise workspace designing and building services (construction and fit-out projects).

Dev Accelerator Share Price

37.00 0.43 (1.18%)
10-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
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