Key Points
Amazon Development Centre has leased 650,000 sq ft of space in Bengaluru in one of the most significant office transactions in recent times..
The new facility will come up in a constellation business park owned by Bagmane Developers on Outer Ring Road that hosts large technology companies...
The deal follows two large transactions Amazon recently signed, acquiring more than 800,000 square feet of space in Gurgaon and Hyderabad for web services, development centres, seller services, and transportation services..
The transaction comes as a breather for commercial real estate, with many corporations slowing down large transactions due to global uncertainties..
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