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Nukleus Office Solutions Limited has executed two binding Letters of Intent (LOIs) with OESPL Private Limited for leasing approximately 75,000 sq. ft. of commercial office space at Okaya Centre, Sector 62, Noida, Uttar Pradesh. The agreement covers 25,000 sq. ft. on Tower 1 (4th floor) and 50,000 sq. ft. on Tower 3 (3rd & 4th floors). The lease tenure is 5 years with renewal option. The company plans to use these spaces for expanding its managed office and co-working operations. This is not a related party transaction and consideration includes monthly lease rentals, security deposits, and maintenance charges.
The company is significantly expanding its co-working and managed office footprint with this 75,000 sq. ft. lease, doubling down on its business strategy in prime commercial locations. This signals growth ambitions but represents an operational cost commitment rather than immediate revenue generation.