Hines Signed 11 acre Commercial Joint Venture Deal in Bengaluru with DNR Group

Hines Signed 11 acre Commercial Joint Venture Deal in Bengaluru with DNR Group

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2 year(s) ago

Hines and DNR Group Announce Second Bengaluru Office Project. Real estate giants Hines and DNR Group are expanding their partnership with the launch of ‘DNR Nagavara,’ a new premium commercial project in Bengaluru. Hines Signed 11-acre Commercial Joint Venture Deal in Bengaluru with DNR Group

Project Highlights:

  • Project Name: DNR Nagavara
  • Location: North Bengaluru, near Manyata Tech Park and Karle Town Centre
  • Land Area: 11.3 acres
  • Leasable Area: 2 million sq ft
  • Project Owner: DNR Group
  • Development Manager: Hines
  • Completion Target: Q4 2026

Key Points:

  • This marks the second collaboration between Hines and DNR Group for office development in Bengaluru.
  • The project caters to both built-to-suit and multi-tenanted options for occupiers.
  • DNR Nagavara is designed to meet the evolving needs of post-pandemic businesses.
  • The partnership leverages the strengths of both companies – DNR’s local expertise and Hines’ global experience.

Partnership Significance:

  • Strong Track Record: Their first joint venture, DNR Altitude in Yeshwantpur, has received positive interest.
  • Mutual Benefit: The collaboration allows them to offer unique advantages to tenants that neither could individually.

About the Firms:

  • Hines: A global real estate investment firm with a presence in 285 cities across 28 countries.
  • DNR Group: A leading Bengaluru-based developer known for high-quality projects.

Hines in India:

  • Previously developed and exited two commercial projects in Gurugram.
  • Currently developing four residential and four commercial projects across major Indian cities.
  • Partnered with major Indian developers like DLF, Tata Realty, and Shapoorji Pallonji.

This project reinforces Hines’ commitment to the Indian market and strengthens their partnership with DNR Group. DNR Nagavara is poised to become a prime office destination in Bengaluru upon completion.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

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