Brigade Group Signs Leasing of Approximately 1,56,000 sq ft at Brigade Twin Towers

Brigade Group, one of India's leading real estate developers, has announced significant leasing of around 1,56,000 square feet of commercial space in Brigade Twin Towers, Yeswanthpur, to two global industry leaders - MANN+HUMMEL Filter Private Ltd, a German filtration technology leader and Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services. On the back of strong market response and sustained demand for premium Grade A office spaces, Brigade Twin Towers has established itself as one of the most sought-after office developments along the ORR corridor.

Commenting on the development, Nandakumar O P, Chief Operating Officer-Office Spaces, Brigade Enterprises Limited, said, "The steady demand and quick occupancy reflect the growing demand for wellplanned workspaces in this region. At Brigade, we understand the needs of global enterprises requirements in terms of locations that offer easy accessibility, responsible design, and a supportive business environment. These recent leasing agreements reaffirm our focus on building workplaces that enable businesses to grow and operate efficiently. It motivates us to remain committed to delivering quality infrastructure that supports the evolving needs of the commercial market."

"As a global leader in filtration, our priority was to find a workspace that mirrors our commitment to innovation, quality, and sustainability. Brigade Twin Towers provides a modern, well-equipped environment that aligns with our operational needs in India and our mission to help to provide cleaner mobility, water, industry and air. The open workplace design promotes cross-functional collaboration and teamwork, strengthening how our teams work together. We are excited to transition into this premium campus which aligns perfectly with our 85-year legacy of excellence." Mr. Sudeesh Karimbingal, Managing Director India & VP- OE RoA, MANN+HUMMEL Filter Private Ltd said.

"Brigade Twin Towers offers the ideal setting for Labcorp's continued growth in India, combining world-class facilities with an environment that fosters innovation and teamwork. This new workspace enhances our ability to support global research programs while providing our employees with a modern and well-connected campus. We look forward to advancing our mission of improving health and improving lives in our new space," said Imran Ali, Senior Vice President, Global Head Early Development Research Operations and Country Head, India, Labcorp.

Located with seamless access to major business districts and public transport, Brigade Twin Towers offer a contemporary workplace environment designed for maximum efficiency. Beyond the office floor, the campus provides an integrated experience featuring retail options and thoughtfully designed open spaces, ensuring that the modern workforce benefits from a balanced and premium professional lifestyle.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 679.15 as compared to the previous close of Rs. 692.10. The total number of shares traded during the day was 28662 in over 1786 trades.

The stock hit an intraday high of Rs. 696.10 and intraday low of 668.00. The net turnover during the day was Rs. 19503177.00.

Source : Equity Bulls

Keywords

BrigadeEnterprises INE791I01019 Realty BrigadeGroup CommercialSpace Lease