SOURCE: The WIRE Group

December 01, 2006 00:12 ET

The WIRE Group Announces Its Latest Institutional Grade 130,000SF Office Building Slated for Gurgaon, India

SAN DIEGO, CA -- (MARKET WIRE) -- December 1, 2006 -- The WIRE Group has unveiled plans to develop a 130,000SF International Class A Office building in Gurgaon, India (about 20 miles southwest of New Delhi CBD). The build-to-suit facility will be built on 1 acre adjacent to the Jaipur-Delhi Highway, one of the region's main north-south arteries. LEED Certified professionals will be involved in the design and development of the building. The amount of the transaction was not disclosed.

"From the beginning, we were conscious of the commute that many business professionals undertake while working at other buildings in the Delhi regional area. WIRE's planned office building is less than a 3-km drive to the New Delhi Airport, and a 25-km drive to Delhi's Central Business District. The location will allow local professionals to reduce their daily commute time significantly and allow out of area executives to quickly reach the building from the airport," said WIRE Vice President Ashok Segu.

The location of the site makes the planned office building a draw for Multi-Nationals targeting well-educated knowledge workers in a cosmopolitan city. Designed by Korth Sunseri Hagey Architects out of San Francisco, the hi-tech, state-of-the-art building will be built to International Class A standards with back up power generators and advanced fire suppression systems. The building will be equipped with the latest audiovisual, presentation and communications equipment, powered by high-speed broadband technology.

"We want to create an environment that is identical or better than those found in the US or Europe," said WIRE CEO Iqbal Jumabhoy. "With tenant representation in the United States and Europe, a world-class development company in Singapore and local Indian construction partners, WIRE removes the hassle and aggravation out of the typical Multi-National Corporation experience in India."

The WIRE Group is a joint venture between US/UK and Singapore interests and specializes in International Class A real estate developments and build-to-suit facilities, including office buildings and large-scale townships. WIRE operates both a real estate fund and an international development company. WIRE's mission is to create world-class working and living environments in India, combining the best applicable international design and construction management standards with Indian delivery capability.

Contact Information

  • For more information on the Gurgaon development, please contact
    Mark Fidelman
    The WIRE Group
    +1.760.917.4901
    or visit www.thewiregroup.com