David Alberto, Managing Director of Avanta said “Since year end, occupancies have improved and enquiry levels are up across the board. We are trading ahead of plan and demand is strong. Our focus on delivering high quality service has meant that renewals are well above average and we are grateful for the continued commitment of both our clients and staff. We are also encouraged by the fact that the last quarter has seen positive movement in workstation rates”.
However, it is too soon to predict long term growth for the company even though their current occupancy levels are impressive.
Avanta have also taken over business centres in Edinburgh and Mayfair with plans to acquire further space in London. Avanta have had to resort to closing two of their centres based in Mumbai due to poor workstation sales and increased rents from landlords.
Alberto continues “The situation in New Delhi is more positive and we shall be retaining the Statesman House business centre as part of our portfolio. The company is working closely with all clients and staff in its Mumbai centres to ensure a smooth transition across to the building owners or new operators.”