India, May 22 -- Managed flexible workspace provider Urban Vault has leased 50,000 sq ft of premium office space in Bengaluru's Central Business District (CBD), the company said.

Located across three floors at Prestige Obelisk, on Kasturba Road, the facility will accommodate close to 1,000 seats, it said in a statement.

The per-seat cost in the facility is close to Rs.10,000, the company said. This marks an addition to Urban Vault's portfolio of over 2 million sq ft and over 30,000 desks across India.

The land was originally owned by Zackria Hashim and Sadath Ali Kahan, co-founders of KRPL Ventures LLP, who currently own multiple floors in the building. Urban Vault has leased its new space from them.

Prestige Obelisk, developed by Pre...