Search Options
IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Bangalore > Brigade,GIC to develop HUL property in Whitefield
LinkBack Thread Tools Search this Thread
Old June 28 2012, 09:48 AM   #1
Senior Member
Join Date: Apr 2011
Posts: 707
Likes Received: 34
Likes Given: 4
My Mood: Breezy
Default Brigade,GIC to develop HUL property in Whitefield

Brigade Group and Government of Singapore Investment Corporation (GIC),through its affiliate Reco Begonia,have entered into a 51:49 joint venture through a special purpose vehicle (SPV) for the development of a residential project on Whitefield Main Road.The project would see an investment of Rs 100 crore.
The 9.5-acre property was acquired from Hindustan Unilever for Rs 130 crore through a bidding process.The project will be targeted at the high-income group.M R Jaishankar,CMD of Brigade Group,said the project was expected to generate revenues of Rs 700 crore over the next three to four years.
As part of its strategy to unlock business value from real estate assets,Hindustan Unilever had put its prime land parcel in Whitefield on the block.Global real estate consultancy firm Cushman & Wakefield had won the mandate to conduct the bid,which saw more than 40 companies evince interest in the property.Cushman & Wakefield declined to comment on the bidding details.
Old June 28 2012, 11:04 AM   #2
Join Date: Jun 2010
Posts: 375
Likes Received: 39
Likes Given: 54

what is the exact location of this 9.5 acres plot in whitefield ?
Old June 19 2013, 07:33 AM   #3
Join Date: Oct 2012
Location: Bangalore
Posts: 211
Likes Received: 19
Likes Given: 0

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Join IREF Now!    
Related Threads
Commercial property in Brigade Arcade - Metropolis
Has anyone booked a property with Brigade Meadows- CLOSED
Schneider Electric takes 5 lakh sq feet property on lease at Whitefield
Brigade Lakefront Whitefield

brigade, develop, gic, hul, property, whitefield