Shares of Brigade Enterprises Limited traded 2% higher on 4 April as the company signed a Joint Development Agreement with M/s United Oxygen Company Private Limited to develop a ‘Grade A’ office space on ITPL Road, Whitefield, in East Bengaluru with a leasable area of 3.0 lakh square feet and the project has a Gross Development Value (GDV) of around Rs 340 crores.

Speaking about the development, Nirupa Shankar, Joint Managing Director of Brigade Enterprises Limited, stated that Bengaluru remains the most favoured office leasing market, with increasing demand in the Whitefield micro market.

The property’s prime location, metro connectivity, and innovative design make it an ideal solution for professionals. The sustained momentum in leasing inquiries and an active pipeline will contribute to robust leasing performance.

Ashwin Poorswani, Director of United Oxygen Company Private Limited, looks forward to partnering with Brigade Group on this project. Brigade Group’s ability to deliver lasting value to office occupiers, investors, and the environment, along with their design, delivery, and asset management expertise, makes them a top choice.

This strategic agreement demonstrates Brigade Group’s commitment to delivering high-quality, sustainable commercial spaces in Bengaluru.

Brigade Group, established in 1986, is a leading property developer with expertise in building positive experiences for stakeholders. The company has also transformed the skyline of cities across South India, namely Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, and Thiruvananthapuram, with developments in the Residential, Commercial, Retail, Hospitality, and Education sectors.

The company has developed landmark buildings across South India. Brigade has completed 280+ buildings totalling over 83 million sq. ft of developed space across a diverse real estate portfolio.

In recent years, Brigade has witnessed increasing tenancy enquiries, which indicates improving corporate sentiments. This strategic agreement is a testament to Brigade Group’s commitment to delivering high-quality, sustainable commercial spaces in Bengaluru’s evolving urban landscape.

At 11:57 am, the shares of Brigade Enterprises were trading flat at Rs 950.15 on NSE.