Brigade Group leases 1.62 lakh sq ft to US-based HealthEdge in Thiruvananthapuram
Brigade Enterprises has signed a lease agreement with US-based HealthEdge for 1.62 lakh sq. ft. at Brigade Square in Thiruvananthapuram. The IT office building is located in Technopark. This expansion strengthens Brigade's presence in the city, with plans for a 2 million sq. ft. World Trade Center.
The lease agreement for a substantial area in a key IT building and the mention of future expansion plans like the World Trade Center suggest a positive impact on the company's real estate portfolio and regional presence.
The announcement details a significant lease agreement with a major US-based company, indicating positive business growth and expansion for Brigade Enterprises.
Brigade Enterprises Limited has announced a significant lease agreement with HealthEdge, a U.S.-headquartered healthcare technology company backed by Bain Capital. The agreement is for approximately 1.62 lakh sq. ft. of super built-up area across 11 floors at Brigade Square, Brigade Group's first IT office building in Technopark, Thiruvananthapuram.
Brigade Square is a 2 lakh sq. ft. IT office building located in Technopark – Phase 1, designed to cater to the evolving needs of technology-driven businesses. This lease marks a key milestone for Brigade Group's expansion in Thiruvananthapuram and highlights the city's growing prominence as a hub for global technology and healthcare companies.
Nirupa Shankar, Joint Managing Director of Brigade Enterprises Limited, stated that the company's aim is to develop high-quality, technologically advanced workspaces to attract global businesses. She expressed confidence in Thiruvananthapuram's potential as a technology destination and noted that the presence of HealthEdge will create high-quality employment opportunities and strengthen the local business ecosystem.
Kevin Adams, CEO of HealthEdge, emphasized the importance of their Indian teams in AI and engineering, product development, and operations, and stated that the new campus in Thiruvananthapuram signifies their long-term commitment. The new facility is designed to foster collaboration and innovation, featuring amenities such as a boardroom, meeting rooms, cafeteria, training rooms, and wellness rooms.
Brigade Group has ambitious expansion plans for Thiruvananthapuram, including a Memorandum of Understanding (MoU) with the Government of Kerala to develop a 2 million sq. ft. World Trade Center within Technopark - Phase 1. Brigade Square will be part of this larger development, further solidifying the Group's presence and contribution to the city's commercial and technology growth.
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Brigade Enterprises Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Brigade Enterprises Limited. Read the original for the full detail.