Prestige Estates and Century Group Signs Joint Venture Deal for Bengaluru Office Park

Prestige Estates and Century Group Signs Joint Venture Deal for Bengaluru Office Park

admin

3 year(s) ago

Prestige Estates and Century Group Partner for Bengaluru Office Park Project. Prestige Estates, a leading real estate developer in India, has signed a Joint Venture Deal with Century Group to develop a new office park in Bengaluru.

  • Project Details:

    • Location: Bengaluru, India
    • Size: Approximately 2.5 million sq ft of office space
    • Estimated Construction Cost: Rs 900 crore (funded through equity and debt)
    • Completion Timeline: Within 3 years
    • Prestige Group’s Stake in Land: Acquired stakes in Century Megacity (45%) and Century Landmark (55%)
  • Project Significance:

    • Strengthens Prestige Group’s position in the Bengaluru office space market.
    • Contributes to the development of modern office infrastructure in the city.
  • Additional Information:

    • This venture follows Prestige Estates’ recent partnership with Brigade Group for a commercial project in Chennai.
    • The company is focused on developing “future-proof” office spaces with a focus on user experience.

Overall, this joint venture highlights Prestige Estates’ continued investment in the Indian office space market and their commitment to creating high-quality work environments.

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

Spread the love

submit your query