Design & build, EPC and GC contracting company Ocean Lifespaces India has bagged a contract to develop 6 lakh sqft of industrial space for Dubai-based port and logistics group, DP World, in Chennai. 

The announcement comes close on the heels of Ocean securing another coveted civil work contract from ZF Rane Automotive India, a joint venture of German-based automotive technology supplier, ZF Group with Rane Group, to develop one lakh sqft for its new plant at Tiruchirapalli (Trichy), Tamil Nadu. 

Ocean Lifespaces which counts some of the marquee corporates like Ford, Swiss Re, Google, Ola, Walmart, and others as its  MNC clients, has been seeing an upswing in recent times in terms of bagging contracts for both interior solutions and civil works.

During the April-June quarter of the current financial year (FY23), Ocean Lifespaces was awarded contracts for two auditorium projects having a seating capacity of 20,000 and 6,000 seater respectively, in Chennai. It has also bagged a contract from Indian Oil Corporation (IOCL)  of around Rs 600 crore to design & build the world’s second-largest lube plant . 

So far, the company has completed more than 30 million sqft of interiors for corporates, over 10 million sqft of civil construction work, and developed over 3 million sqft of real estate properties.

SK Peter, founder & CEO of Ocean Lifespaces India, said, “With the world limping back to normalcy, and employees coming back to the office, even under the hybrid mode, we are seeing an uptick in the absorption of office space. Moreover, demand for commercial space is also on an upswing. As the industry is at the cusp of a multi-year growth cycle, bagging the new contract from DP World to construct 6 lakh sqft of industrial area in Chennai augurs well for our future growth.”

Ocean Lifespaces has about 400 employees spread across its offices in Chennai, Bengaluru, Hyderabad, and Pune. From a humble beginning with having a turnover of a few lakhs rupees in 1996, the fit-out and civil contractor. 

Source : constructionweek