Dev Accelerator Limited has informed the Exchange regarding a press release dated Jun 08, 2026, titled "DevX Scales Bengaluru Portfolio with Prestige Group, adds 1.11 Lakh sq. ft.".
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Dev Accelerator Limited (DevX), which operates flexible and coworking office spaces, has expanded its Bengaluru portfolio by adding 1.11 lakh square feet through a partnership with Prestige Group. The deal was disclosed via a press release dated June 8, 2026, and submitted to the NSE as an informational filing. Prestige Group is one of India's well-known real estate developers, making this a notable association for DevX. The addition significantly scales DevX's existing Bengaluru footprint and signals continued growth in the flexible workspace segment.
This is a positive development for shareholders as it shows the company is actively growing its workspace portfolio with a reputed real estate partner. Such expansions typically support future revenue growth, though investors should watch for occupancy and rental yield disclosures in upcoming quarterly results.