Brigade buys Bengaluru land for Rs2.18bn from SAB Miller
The Bangalore headquartered realty firm Brigade Enterprises has bought a 12.95-acre land parcel in north Bengaluru’s Yeshwantpur area for Rs2.18 billion from SAB Miller India Last year, Brigade had bought 50 acres in north Bengaluru from the Karnataka Industrial Area…

The Bangalore headquartered realty firm Brigade Enterprises has bought a 12.95-acre land parcel in north Bengaluru’s Yeshwantpur area for Rs2.18 billion from SAB Miller India

Last year, Brigade had bought 50 acres in north Bengaluru from the Karnataka Industrial Area Development Board.

The latest acquisition has been made through Brigade’s subsidiary Brigade Infrastructure and Power Pvt. Ltd.

It plans to build an information technology park. The acquisition is funded from the company’s internal accruals and is in line with the company’s plans to expand its commercial office portfolio.

Brigade also has a joint venture with sovereign wealth fund GIC Pte Ltd, and under the entity Brigade Properties Ltd they jointly identify and buy land.

The last transaction was inked in 2015, when they bought a 15.8-acre land in Chennai from Kansai Nerolac Paints Ltd for Rs5.50 billion in one of the largest land deals in the city.

M.R. Jaishankar is the founder, Chairman and Managing Director of the Brigade group.

 

Related Articles

Related

Finding the right Due Diligence Tools

Choosing the best research tools for your enterprise can help reduce the time and effort you spend on exploration. These tools help you to get a better thought of a industry’s connections, financial performance, and legal record. They also allow you to identify a...

read more

TotalAV Antivirus Review

Designed with convenience in mind, TotalAV is a great antivirus collection that offers thorough Learn More Here protection against viruses, malware, malware, plus more. It features an straightforward user interface and a wide range of features to help shield your...

read more

The right way to Conduct a Board Gatherings Overview

During a table meetings overview, directors of a company discuss their latest efficiency, new business options and possible plans for you can actually future. The board also evaluates current and past strategies. The results is a strategy for you can actually growth....

read more

0 Comments

Submit a Comment

Your email address will not be published.

Share This