Adobe Systems India buys 40 L sq ft office in Bengaluru for Rs 505 crore

Bengaluru: US tech major Adobe Systems India has acquired 400,000 sq ft office space in Bengaluru for ₹505 crore amidst corporate expansion caution.

The purchased office space in Prestige Tech Park IV will give the company access to a total 640 car parking slots and an undivided share of over 124,000 sq ft of land, equivalent to its super-built area, according to the sale deed document shared by Propstack, a data analytics firm.

Prestige Tech Park IV is situated on the Sarjapur-Marathahalli Outer Ring Road in Bengaluru, known as the IT corridor. This area is renowned for housing prominent IT and corporate entities such as Google, Amazon and Microsoft.