Nukleus Office Solutions Signs Letter of Intent for New Co-working Centre at Wave One, Noida
Nukleus Office Solutions Limited has executed a Letter of Intent with Waveone Private Limited for a new co-working centre at Wave One, Sector-18, Noida. The facility spans approximately 57,455 sq ft across two premium floors under a 15-year structured lease. This strategic expansion aims to enhance the company's enterprise-grade managed workspace portfolio in Noida's prime CBD micro-market, with phased development planned. The agreement remains subject to due diligence completion and execution of definitive lease agreements.

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Nukleus Office Solutions Limited has announced the execution of a Letter of Intent (LOI) with Waveone Private Limited for establishing a new co-working centre at Wave One, Sector-18, Noida. The company disclosed this development in compliance with Regulation 30 of the SEBI Listing Regulations on February 26, 2026.
Premium Commercial Space Acquisition
The new facility will occupy the entire 37th and 38th floors of Wave One, representing a significant expansion in the National Capital Region. The space specifications demonstrate the scale of this undertaking:
| Parameter: | Details |
|---|---|
| Location: | 37th and 38th Floors, Wave One, Sector-18, Noida |
| Super Area: | Approx. 57,455 Sq. Ft. |
| Carpet Area: | Approx. 41,334 Sq. Ft. |
| Efficiency Ratio: | 72% |
| Lease Tenure: | 15 years |
| Lease Model: | Structured |
Strategic Expansion Initiative
This acquisition forms part of Nukleus's strategy to expand its enterprise-grade managed workspace portfolio in prime commercial locations. The company specifically identified the Sector-18 area as a prime CBD micro-market within Noida, positioning this centre to serve the growing demand for flexible workspaces in the region.
The facility is planned for phased development, allowing the company to scale operations systematically while maintaining service quality standards. The structured lease arrangement provides a framework for long-term operational planning over the 15-year tenure.
Implementation Timeline and Conditions
The Letter of Intent establishes the foundation for this expansion, though several conditions must be fulfilled before final implementation. The agreement remains subject to:
- Completion of comprehensive due diligence processes
- Execution of definitive Lease Deed
- Finalization of other binding agreements
These standard commercial prerequisites ensure all parties can proceed with confidence once technical and legal requirements are satisfied.
Market Positioning
The Wave One location represents a strategic choice for Nukleus's expansion plans. Sector-18 in Noida serves as a significant commercial hub, offering connectivity and infrastructure that supports enterprise-grade workspace requirements. The premium nature of the 37th and 38th floor spaces provides the company with high-quality facilities to serve its target market segment.
This development reinforces Nukleus Office Solutions' commitment to expanding its footprint in key metropolitan markets while maintaining focus on flexible workspace solutions for enterprise clients.
Historical Stock Returns for Nukleus Office solutions
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