Realty firm Brigade Enterprises Ltd will develop a 25-acre industrial park in Bengaluru to meet rising demand.
Brigade Group Enters Industrial Real Estate, to Build 25-Acre Park in Bengaluru
The park would offer around 2 million square feet of leasable space and will cater to the high-growth industrial sectors of the region, including aerospace and defence, IT/ITES, and data centres
Brigade Group Enters Industrial Real Estate
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In a regulatory filing, Bengaluru-based Brigade said it has forayed into industrial real estate, with the launch of 'Brigade Industrial Park', a 25-acre industrial development in Devanahalli, North Bengaluru.
The park would offer around 2 million square feet of leasable space and will cater to the high-growth industrial sectors of the region, including aerospace and defence, IT/ITES, and data centres.
The company did not disclose the investment to build this park.
In a separate filing, Brigade said its group company BuzzWorks, which provides managed office space, has leased 550 seats in Hyderabad to Dublin-based MyComplianceOffice (MCO), a global regulatory technology (RegTech) and compliance technology company.
With this signing, BuzzWorks' total leased office space in Hyderabad currently stands at 1.1 lakh sq ft.
Established in 1986, Brigade Group is one of the leading property developers in the country. It has developed many projects in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City. The company builds residential, commercial (office and retail) and hospitality projects.
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