Cognizant Ropes in JLL for Sale of Its World’s Largest Facility: Sources | In the News

Software services giant Cognizant has appointed real estate management firm JLL as an adviser to find buyers for leasehold land tied to its globally largest facility by area located in Chennai, according to three people familiar with the matter. The campuses sit on land spanning over 49 acres, having 16,500 seats, according to the company’s presentations done for green energy certifications.

It is an attempt “by Cognizant and other IT firms to decentralize their talent models to lower-cost locations,” said Peter Bendor-Samuel, CEO at research firm Everest Group.

Read more in Reuters.

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