Lanco Infratech leases 80,000 sq ft in IT SEZ to Sutherland

Lanco Infratech today said its subsidiary has leased 80,000 sq ft of office space in its IT special economic zone (SEZ) at Hyderabad to BPO firm Apollo Health Street.

Lanco Hills Technology Park Ltd has signed up with a BPO and technology management services Apollo Health Street, a group company of US-based Sutherland Global Services for 80,000 sq ft of SEZ space.

"We have entered into our first leasing agreement with Apollo Health Street for 80,000 sq ft of office space in our IT SEZ. Another 1.5 lakh sq ft will be leased in few days time," Lanco Hills Technology Park CEO S Pochendar said.

The SEZ, with a leasable area of 4 million sq ft, is part of 100 acre project comprising 20 million sq ft area being developed at an investment of Rs 5,000 crore, he added.

Besides SEZ, he said the project comprises of six million sq ft of residential, three million sq ft of non-SEZ office space and seven million sq ft of retail and hospitality.

Commenting on the deal, Lanco Hills Technology Park Vice President D V Prasad said: "We have provided excellent infrastructure which is going to yield rich dividends to companies setting up their operations. It is in the IT hub of Hyderabad, Gachibowli, and will soon emerge as a destination of choice for most of the companies".

Sutherland Global Services is a global provider of business process and technology management services offering an integrated portfolio of analytics-driven back-office and customer facing solutions that support the entire customer lifecycle.

Sutherland is one of the world's largest independent BPO company employing over 30,000 professionals.

SOURCE:
Business Standard