SberIndia Partners with Space 1 to Develop Russian-Indian Cooperation Center in New Delhi

SberIndia, the Indian subsidiary of Russia’s Sber, has partnered with Russian serviced-office provider Space 1 to establish premium office facilities at its upcoming headquarters in New Delhi. The collaboration forms part of Sber’s plans to develop a Russian-Indian Cooperation Center that will provide modern business infrastructure for companies operating between India and Russia.

Announced in Moscow on October 16, 2026, the partnership will see Space 1 develop and manage approximately 4,400 square metres of fully serviced office space within SberIndia’s new headquarters at Bharat Business Park in New Delhi. The facility will accommodate corporate tenants seeking professionally managed, fully furnished workspaces equipped with modern engineering systems and information technology infrastructure.

Sber has already acquired two towers under construction at Bharat Business Park, covering a combined area of approximately 48,000 square metres. The complex will house SberIndia’s corporate headquarters and the Russian-Indian Cooperation Center, creating a dedicated environment for businesses from both countries.

The initiative represents another development in India-Russia economic cooperation, combining Sber’s established financial services presence in India with modern commercial infrastructure designed to facilitate business operations and encourage greater corporate engagement.

SberIndia Develops New Headquarters at Bharat Business Park

SberIndia’s upcoming headquarters at Bharat Business Park represents an important expansion of the Russian banking group’s physical infrastructure in India. The project involves two office towers with a combined area of 48,000 square metres, providing substantial space for the bank’s operations and the development of the Russian-Indian Cooperation Center.

The complex is located within New Delhi’s commercial business environment and is being developed as a premium Class A office facility. It will accommodate SberIndia’s corporate functions alongside commercial spaces intended for companies engaged in bilateral business activities.

The Russian-Indian Cooperation Center will provide a dedicated business environment for enterprises from both countries, allowing companies to establish offices and conduct their operations within a modern commercial complex. By combining banking infrastructure with professionally managed office facilities, Sber aims to create a business ecosystem that supports the practical requirements of companies operating in the Indian and Russian markets.

The development reflects SberIndia’s expanding role in facilitating commercial relationships between the two countries. Alongside financial services and cross-border payment solutions, the bank is now investing in physical infrastructure that can support long-term business operations and encourage closer interaction between Indian and Russian enterprises.

Space 1 to Manage 4,400 Square Metres of Premium Serviced Offices

Under the partnership agreement, Space 1 will develop and manage approximately 4,400 square metres of serviced office space within the new SberIndia headquarters. The company will prepare the premises for tenants and provide fully furnished offices equipped with the engineering systems and information technology infrastructure required for modern business operations.

Space 1 specialises in serviced-office solutions for corporate clients, offering workspaces that are ready for immediate occupation. Its services extend beyond office furnishing to include technical maintenance, cleaning, information technology management and other operational responsibilities associated with commercial premises.

The serviced-office model allows companies to establish their presence in a new location without undertaking extensive office development, equipment procurement or facility management arrangements. Businesses can instead occupy fully prepared workspaces while the operator manages infrastructure and routine operational requirements.

This arrangement is particularly relevant for international companies entering new markets, where establishing an office can involve significant administrative and logistical preparation. Professionally managed facilities provide access to established infrastructure while allowing businesses to concentrate on developing their operations, partnerships and commercial relationships.

Space 1’s participation will bring specialised office management expertise to the Russian-Indian Cooperation Center, supporting SberIndia’s objective of providing premium corporate facilities in New Delhi.

Russian-Indian Cooperation Center to Support Bilateral Business Expansion

The Russian-Indian Cooperation Center is being established to accommodate companies from India and Russia within a dedicated commercial environment. The centre will form part of SberIndia’s new headquarters complex and provide infrastructure intended to facilitate business operations and strengthen economic engagement between the two countries.

India and Russia maintain extensive economic relationships across energy, engineering, manufacturing, pharmaceuticals, technology, logistics and financial services. Companies operating in these sectors require suitable office infrastructure, reliable communication systems and professional facilities to manage their international activities.

The establishment of a dedicated cooperation centre can support these requirements by bringing businesses from both countries into a shared commercial environment. Such arrangements provide opportunities for companies to establish local offices, coordinate operations and develop closer professional relationships.

The centre also complements Sber’s financial services activities in India. By combining banking operations with business infrastructure, the project aims to support enterprises seeking to establish or expand their commercial presence across the two markets.

The development reflects the importance of practical institutional and commercial infrastructure in sustaining long-term economic cooperation between India and Russia.

SberIndia Expands Business Infrastructure After 15 Years in India

Sber has maintained a presence in India for more than 15 years, supporting financial transactions and commercial engagement between Indian and Russian businesses. Over this period, the bank has developed services intended to facilitate cross-border financial operations and strengthen bilateral business relationships.

According to Ivan Nosov, CEO of SberIndia, the bank’s cross-border payment system is already operational and functioning reliably. He described the establishment of the Russian-Indian Cooperation Center as the next phase of Sber’s activities in India, with a focus on developing infrastructure that makes it easier for businesses to operate.

Nosov explained that Sber is establishing the cooperation centre within a premium Class A office complex in New Delhi’s business district. The project is intended to provide companies with access to high-quality commercial facilities while benefiting from the bank’s established experience in the Indian market.

He also expressed confidence that the partnership with Space 1 would enable SberIndia to offer some of the best premium office facilities available in Delhi. The collaboration brings together the banking group’s local knowledge and Space 1’s expertise in preparing and managing serviced workspaces.

The development marks an expansion of SberIndia’s business-support capabilities, extending its activities beyond banking and payment services into commercial infrastructure designed to facilitate international business operations.

Space 1 Expands International Network with Entry into India

The partnership represents an important milestone in Space 1’s international expansion strategy. The Russian company operates a network of serviced offices for corporate clients and has established experience in developing and managing fully equipped commercial workspaces.

Space 1 currently operates in Moscow and Dubai, providing office infrastructure and associated management services to businesses seeking flexible and professionally maintained work environments. Its service model combines furnished premises with technical support, information technology facilities, maintenance and client services.

The company’s planned expansion into India will extend its geographical presence into another major international business market. According to the October 16 announcement, Space 1 expects to launch its Indian operations in 2028, with the SberIndia project forming part of its expansion.

Mikhail Brodnikov, CEO of Space 1, described the company’s entry into India as a significant development in its international growth. He highlighted the opportunity to participate in a project intended to strengthen commercial relationships between Russia and India while expanding the company’s serviced-office network.

Brodnikov stated that combining Sber’s local presence and experience with Space 1’s expertise in developing and managing offices would enable the partners to provide high-quality, move-in-ready workplaces for businesses.

The collaboration will allow Space 1 to apply its experience from existing international operations to the Indian market while contributing to the development of dedicated infrastructure supporting India-Russia commercial engagement.

Premium Serviced Offices to Provide Integrated Corporate Infrastructure

The office facilities being developed by Space 1 will incorporate infrastructure intended to meet the requirements of modern corporate operations. The premises will be delivered as furnished, move-in-ready offices supported by the necessary engineering and information technology systems.

Premium serviced offices generally combine workspace availability with professional facilities management, enabling tenants to operate without assuming responsibility for routine property maintenance and infrastructure administration. This model is particularly suitable for companies requiring flexible commercial premises and dependable operational support.

Space 1 will be responsible for preparing the office facilities and managing their day-to-day operations. Its established services include technical maintenance, cleaning, IT infrastructure management and support for corporate clients.

For companies expanding internationally, access to such facilities can simplify the process of establishing local operations. Businesses can concentrate on developing customer relationships, coordinating commercial activities and managing employees while the office operator handles the physical workspace.

The facilities at Bharat Business Park will provide an additional commercial infrastructure option for Indian and Russian enterprises seeking professionally managed office space in New Delhi.

The project also demonstrates the growing role of specialised office management companies in supporting international business expansion through integrated workspace solutions.

India-Russia Economic Cooperation Gains Dedicated Business Infrastructure

India and Russia share a longstanding economic relationship supported by cooperation in energy, defence, engineering, manufacturing, science and technology. Their commercial engagement has also expanded across pharmaceuticals, agricultural products, industrial equipment, logistics and financial services.

The growth of bilateral business activity has increased the importance of reliable financial arrangements, communication networks and commercial infrastructure capable of supporting companies operating across both markets.

SberIndia’s Russian-Indian Cooperation Center contributes to this broader economic environment by establishing dedicated facilities for Indian and Russian enterprises. The project combines the banking group’s experience in cross-border financial services with commercial infrastructure designed to accommodate corporate operations.

The development also creates opportunities for closer engagement between companies participating in bilateral trade, investment and industrial cooperation. Providing modern office facilities within a common business environment can support professional interaction and encourage the establishment of long-term commercial relationships.

India and Russia have been strengthening their economic partnership through high-level institutional engagement and initiatives intended to expand trade, investment and industrial cooperation. Infrastructure projects that support business operations complement these efforts by addressing practical requirements faced by enterprises participating in international markets.

The Russian-Indian Cooperation Center represents an example of private-sector and financial institutional participation in developing commercial infrastructure that supports bilateral economic relationships.

New Delhi Project Supports International Business Connectivity

The collaboration between SberIndia and Space 1 brings together two Russian companies with complementary capabilities in banking, commercial infrastructure and corporate workspace management.

SberIndia contributes its established presence in India and experience supporting bilateral financial transactions, while Space 1 provides expertise in preparing and operating fully serviced office environments. Their partnership will support the development of modern corporate facilities within the larger Bharat Business Park complex.

The project also reflects the increasing importance of providing integrated services to international businesses. Companies expanding into new markets require financial connectivity, suitable office premises, information technology infrastructure and dependable operational support.

By incorporating these capabilities into a dedicated cooperation centre, SberIndia aims to create an environment that facilitates commercial engagement between Indian and Russian companies.

The planned launch of Space 1’s Indian operations in 2028 will introduce another international serviced-office provider into the country’s commercial property market, supporting the development of modern corporate workspace solutions.

The establishment of the Russian-Indian Cooperation Center also adds a new dimension to SberIndia’s activities, linking its banking presence with physical infrastructure intended to support international trade and investment relationships.

SberIndia-Space 1 Partnership Strengthens India-Russia Commercial Relations

The partnership between SberIndia and Space 1 represents another step in expanding business infrastructure supporting India-Russia economic cooperation. The development will combine SberIndia’s new headquarters with the Russian-Indian Cooperation Center, creating a dedicated commercial environment for enterprises operating between the two countries.

The 48,000-square-metre Bharat Business Park complex will accommodate the bank’s headquarters and associated business facilities, while Space 1 will prepare and manage 4,400 square metres of premium serviced offices.

The project brings together Sber’s experience in the Indian financial market and Space 1’s international expertise in corporate workspace management. It also reflects the increasing role of modern commercial infrastructure in supporting cross-border business activities.

As Space 1 prepares to enter the Indian market in 2028, the collaboration will strengthen the availability of professionally managed corporate facilities for businesses participating in India-Russia economic engagement.

The Russian-Indian Cooperation Center will contribute to closer commercial connectivity between the two countries, providing modern infrastructure for business expansion and reinforcing the longstanding economic partnership between India and Russia.

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References

1. Sber — Official Corporate Press Release, October 16, 2026. Space 1 to Manage Serviced Offices at SberIndia’s New Headquarters in New Delhi. Moscow. Official company announcement distributed through NWA Advisors.
2. Sber — Official Corporate Website. Information on Sber’s international banking operations, financial services and corporate activities.
   https://www.sberbank.com/
3. Space 1 — Official Corporate Website. Information on serviced-office facilities, corporate workspace management and international operations.
   https://space1.ru/

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