Brigade Enterprises partners with United Oxygen for premier office space in Bengaluru
In a significant move within the Bengaluru real estate market, Brigade Enterprises Limited has forged a strategic partnership with United Oxygen Company Private Limited, signing a Joint Development Agreement (JDA) to establish a state-of-the-art ‘Grade A’ office space. Located on ITPL Road in the bustling Whitefield area of East Bengaluru, this upcoming project is set to offer a substantial leasable area of 3.0 lakh square feet, with a Gross Development Value (GDV) pegged at approximately ₹340 crores.
Nirupa Shankar, the Joint Managing Director of Brigade Enterprises Limited, expressed optimism regarding Bengaluru’s office leasing market, especially the Whitefield micro-market, noting an uptrend in demand. “Given this property’s prime location, metro connectivity, and the property’s innovative and sustainable design at the forefront, we are confident that this project will perfectly align with the growing need of an ideal solution for professionals seeking top-tier work facilities,” Shankar stated. She further highlighted the sustained momentum in leasing inquiries and an active pipeline, underscoring Brigade’s strong leasing performance.
On the collaboration, Director of United Oxygen Company Private Limited, Mr. Ashwin Poorswani, shared his enthusiasm, emphasizing the value Brigade Group brings to office occupants, investors, and the environment through their comprehensive expertise in design, delivery, and asset management of office towers. “Brigade Group’s fundamental foresight of identifying market gaps, differentiating on product, and future enabling office towers to avoid asset obsolescence, is what aligned with our vision of a true Grade ‘A’ office tower,” Poorswani remarked.
This partnership is indicative of the improving corporate sentiments and Brigade’s dedication to delivering high-quality, sustainable commercial spaces in Bengaluru’s evolving urban landscape. With a commitment to innovative and sustainable design, the project aims to meet the increasing demand for top-notch office facilities in one of Bengaluru’s most sought-after districts.
The strategic partnership between Brigade Enterprises Limited and United Oxygen Company Private Limited to develop Grade A office space in Whitefield, Bengaluru, is a testament to the city’s growing appeal as a prime office leasing market. This initiative not only addresses the immediate need for premium workspaces but also sets a benchmark in sustainable and innovative office design. As Bengaluru continues to attract professionals and corporates alike, projects like these are crucial in shaping the city’s future as a hub for business and sustainability.