Avanta expands its operations in India

· Office space spread over 70, 000 sq ft together

Avanta, one of the UK’s leading serviced office providers, which had started its India operations in September 2008 by launching Statesman House, Connaught Place, Delhi, announced its consolidation & expansion plans for Indian market by launching two more serviced office centres in Mumbai.

The company launched Oval House & Platina simultaneously, in Fort and Bandra-Kurla Complex (BKC), Mumbai. Oval House, which is located in main business district of Mumbai, next to the Stock Exchange at Fort, has 20,000 sq ft of space spread over 7 floors. The other facility, Platina, is located at Bandra Kurla Complex, which is fast becoming one of Mumbai’s most prestigious business addresses. The Platina centre is spread over 2 floors with 50,000 sq ft of office space and offers the same high quality standards along with a panoramic view of the city.

Both centres will offer their customers modern, high tech accommodation for businesses – large or small – from two people to furnished executive suites to entire floors that are configured to meet each customer’s needs. As with all Avanta serviced office centres, both centres in Fort and BKC feature cutting edge communications technology, including VoIP telephone systems, scaleable internet access and dedicated client server rooms.

“In the context of the current global economic slowdown, Avanta serviced offices provides companies with immediate occupation of top quality office space for minimal up-front cash requirements and total flexibility in terms of length of stay. Our Delhi centre, which launched in September last year, has received encouraging response from companies and we are sure our centres in Mumbai will repeat the success we saw in Delhi” said Sean Morgan, Managing Director, Avanta, India & Middle East.

The group plans to expand the number of centres from 3 to 12 in key areas at an investment of $20 million in next three to four years. The initial focus will be to consolidate its existing business along with developing serviced office centres in Mumbai and New Delhi.

Avanta’s mission is to provide organizations of all sizes and types with what they really want: well-equipped, non-branded and high quality office accommodation in prime locations; flexible services and contracts; transparent pricing and exceptional value for money.

About Avanta:

Avanta is a leading name in the serviced office market, with a rapidly growing portfolio of office suites in prime locations across the United Kingdom and India. Since its inception in 2004, Avanta has enjoyed rapid expansion and now manages office space across 22 locations and is continuing its UK and international expansion programme. Avanta offers highly flexible, non-branded office space with advanced and competitively priced technology, tailor-made to meet the requirements of the occupier.

Avanta was formed in London, England in January 2004 by a team of executives with high level experience of running major business centre networks internationally. The company began operations in London but quickly expanded its portfolio to other towns and cities across the UK. As a matter of policy, Avanta refurbishes and re-equips every centre it acquires to the highest specifications; specifications created in close consultation with its users.

During 2007 a management buyout took place with the backing of the Kenmore Property Group. This provided the company with funds to fuel further expansion in UK and internationally, including growth markets of India, China and the UAE.

Visit www.avanta.co.uk and www.avanta.co.in for more details.

For further information, please contact:

Pratip Biswas/ Rupa Kannan

Comma Consulting

Phone: +91 9987022573 / +91 9819534461

Email: pbiswas {at} comma(.)in / rkannan {at} comma(.)in