Brigade Group Expands into Industrial Real Estate with 25-Acre Park in Bengaluru
Brigade Enterprises Ltd, a leading real estate firm, is expanding its portfolio with the development of a 25-acre industrial park in Bengaluru. This strategic move aims to meet the rising demand in the industrial sector, particularly in the areas of aerospace and defence, IT/ITES, and data centres.
In a regulatory filing, Bengaluru-based Brigade Group announced its foray into industrial real estate with the launch of 'Brigade Industrial Park' in Devanahalli, North Bengaluru. The park will offer approximately 2 million square feet of leasable space, making it a significant addition to the region's industrial landscape.
The company has not disclosed the specific investment required to build this park. However, the development is expected to attract a wide range of high-growth industries, enhancing the economic ecosystem of the region.
In a separate filing, Brigade Group also revealed that its group company, BuzzWorks, which provides managed office space, has leased 550 seats in Hyderabad to MyComplianceOffice (MCO), a Dublin-based global regulatory technology (RegTech) and compliance technology company. This lease agreement further cements Brigade Group's position in the managed office space market.
With this new lease, BuzzWorks' total leased office space in Hyderabad currently stands at 1.1 lakh square feet. This expansion underscores Brigade Group's commitment to diversifying its portfolio and catering to the evolving needs of the business community.
Established in 1986, Brigade Group is one of the leading property developers in India. The company has a rich history of developing high-quality projects across various cities, including Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City. Brigade Group specializes in residential, commercial (office and retail), and hospitality projects, making it a trusted name in the real estate industry.
The launch of the Brigade Industrial Park is a significant step forward for the company, aligning with its vision to create sustainable and innovative developments that contribute to the economic growth of the regions it operates in. This new industrial park is expected to attract significant investments and create numerous job opportunities, further boosting the local economy.
Brigade Group's expansion into industrial real estate is a strategic move that leverages the company's extensive experience and expertise in the real estate sector. It is poised to set new benchmarks in industrial development and position Bengaluru as a leading industrial hub in the country.
