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Awaiting price reaction for this filing.
Nukleus Office Solutions has signed a Letter of Intent with Waveone Private Limited to lease commercial space at Wave One, Sector-18, Noida. The deal covers the entire 37th and 38th floors, offering around 57,455 sq ft of super area (41,334 sq ft carpet area, 72% efficiency). The structured lease is for 15 years and is aimed at expanding the company's co-working and managed workspace portfolio in Noida's prime CBD micro-market. The centre will be developed in phases, though the LOI is still subject to due diligence and signing of the final lease agreement.
This is a capacity expansion move into a premium Noida location, which could strengthen Nukleus's presence in the NCR co-working market. However, since it is only a Letter of Intent (not a binding lease yet) and no revenue or cost impact is disclosed, the near-term effect on the stock is likely limited.