Realty firm Brigade Enterprises on Thursday said it has provided on lease 54,300 sq ft of office space in Bengaluru to Sidvin Core-Tech India Pvt Ltd.
Sidvin, which provides design engineering services and consulting solutions to oil and gas offshore industry, has signed a lease agreement with Brigade Group to secure 54,300 sq ft of Grade A office space at Brigade Deccan Heights in northwest Bengaluru.
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The office complex is spread over 2.2 acres with a 4.3 lakh sq ft development area.
"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," Brigade Enterprises Joint Managing Director Nirupa Shankar said.
Established in 1986, Brigade Enterprises Ltd is one of India's leading property developers.
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It has completed over 80 million sq ft of area in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, GIFT City-Gujarat, and Thiruvananthapuram.
{{/usCountry}}It has completed over 80 million sq ft of area in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, GIFT City-Gujarat, and Thiruvananthapuram.
{{/usCountry}}The company is into development of residential, office, retail and hospitality projects.
According to real estate consultant Vestian, the Bengaluru office market was affected during the July-September period as gross leasing of workspace fell 28 per cent and new supply declined 25 per cent year-on-year amid subdued demand from corporates.