Brigade Group Leases Office Space to Sidvin Core-Tech India Private Limited

Sidvin Core-Tech India Private Limited, a leading provider of design engineering services and consulting solutions to oil and gas offshore industry has signed a significant lease agreement with Brigade Group to secure 54,300 square feet of Grade A office space at Brigade Deccan Heights in Northwest Bangalore. Brigade Deccan Heights, strategically located in Yeshwanthpur on the Outer Ring Road in North-West Bengaluru, spans 2.2 acres with a 4.3 lakh square feet development area. As a Grade A IGBC Pre-gold certified building, it seamlessly blends aesthetics and functionality. Deccan Heights is connected to the central business district via a sixlane elevated expressway, offering easy access to North Bengaluru Outer Ring Road and the NICE corridor, and facilitating quick access to South Bengaluru. The property is well-linked with an operational Metro line and local transport, ensuring convenient connectivity to the city.

Commenting on the development, Nirupa Shankar, Joint Managing Director, Brigade Enterprises Limited said, "Northwest Bengaluru is fast becoming a much sought-after area for commercial Grade A office establishments. The region is growing at a phenomenal pace and is emerging as a significant Micro market in the city. Our agreement with Sidvin Core-Tech is a testament to the significant potential of the area. The discussion around new commercial properties are now being influenced by sustainability and smart building designs and we have taken a forward-thinking approach by creating commercial buildings as a symbol of ecological design. We strongly believe that this will be one of the many agreements that will be signed in the future."

K.N. Karumbaiah, Vice President-Operations, Sidvin Core-Tech India Private Limited said, "We are excited about this deal with Brigade Group, which is known for its great commercial real estate portfolio in the country. The additional space at Brigade Deccan Heights will help us expand our engineering operations, strengthen our presence in Bengaluru and deliver our cutting-edge engineering services and consulting solutions to the oil & gas offshore industry."

Brigade Deccan Heights is designed as per NBC 2016 and Karnataka Fire Force norms. It also comes with a host of state-of-the-art amenities and technologies including a cafeteria, coffee shop, flex offices, ample parking for cars and bikes, landscaped gardens, 100% power backup, centralized aircondition, zero discharge facility, rainwater harvesting, STP and WTP provisions.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 865.35 as compared to the previous close of Rs. 863.25. The total number of shares traded during the day was 21337 in over 2028 trades.

The stock hit an intraday high of Rs. 888.30 and intraday low of 839.75. The net turnover during the day was Rs. 18574362.00.

Source : Equity Bulls

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