| Brigade Group has acquired Brooke Bond Real Estate Pvt Ltd, which has 11.39 hectares of land in Bengaluru, though Brigade Properties, its joint venture with GIC Singapore, for an undisclosed amount. Brooke Bond Real Estate is a subsidiary of consumer goods company Hindustan Unilever Ltd (HUL).
Bengaluru-based Brigade Group will develop an IT special economic zone on the 11.39-hectares located in Whitefield, Bengaluru. One of the city’s major IT hubs is located in Whitefield. Brigade Enterprises Chief Financial Officer Suresh Kris said: “We got the property at a very competitive price.” He, however, refused to divulge financial details of the deal...............................................Full Article: Source
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