New Delhi, March 14 Realty firm Brigade Enterprises Ltd will develop a 25-acre industrial park in Bengaluru to meet rising demand.
In a regulatory filing, Bengaluru-based Brigade said it has entered the industrial real estate market, with the launch of 'Brigade Industrial Park', a 25-acre industrial development in Devanahalli, North Bengaluru.
The park will offer approximately 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 required 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 agreement, 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 numerous projects in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City. The company develops residential, commercial (office and retail), and hospitality projects.