It will be located on ITPL Main Road in Whitefield, Bengaluru, adjacent to the Whitefield Metro Station. The development is planned as an integrated project of around two million square feet. The project will include grade A office space and a five-star hotel to be operated by a leading international hotel brand.
Whitefield is described as one of Bengaluru’s key commercial corridors, housing a large presence of global technology companies and Fortune 500 occupiers.
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Nirupa Shankar, Joint Managing Director, Brigade Group, said, “We are excited to begin our partnership with Bain Capital, one of the world’s leading private investment firms. This collaboration underscores the growing institutional appetite for high-quality Indian commercial and hospitality real estate and represents a significant investment by Bain Capital into the Indian real estate sector. We are constantly on the lookout for opportunities to strengthen the Brigade’s footprint in key markets that we operate in.”
“By leveraging the financial strength of a fund managed by Bain Capital and our deep-rooted development expertise, we are optimising our capital structure to accelerate high-value developments. This project is set to become a landmark development in the city’s urban landscape,” he added.
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Shares of Brigade Enterprises Limited ended at ₹800, down by ₹2.65, or 0.33%, on the BSE today, April 29.
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(Edited by : Shoma Bhattacharjee)
