Hines, DNR Group partners to develop office space in Bangalore
Real Estate

Hines, DNR Group partners to develop office space in Bangalore

Hines, a real estate firm based in the US, has tied up with DNR group for the development of a premium commercial project in Bangalore which includes a 2 million sq ft of leasable area.

This marks the second office project developed by the companies in a partnership.The project named 'DNR Nagavara' shall be developed across an 11.3-acre land parcel located within an established micro-market next to the Manyata Tech Park and Karle Town Center, Northern Bengaluru.

DNR is the project owner with Hines being the development manager. The total project leasable area is approximately 2 million sq ft and it is expected to be completed by 2026.

Hines India senior managing director and country head Amit Diwan told the media that they had entered the Bengaluru office development business in 2020 with the DNR group which today has grown to be their largest project portfolio in India.

He said that Hines and DNR have a successful partnership creating a foundation for them to come together again for expanding the relationship to make another Grade-A office project.

The new project shall be attractive to built-to-suit as well as multi-tenanted options for the occupier partners.

DNR Group managing director, Vipul Kumat said that with their joint experience they will develop a world-class project to ensure the needs of the occupiers after the COVID-19 environment is met. They believe that a local-global partnership gives unique benefits to the tenants which would not be done successfully alone.

Image Source

Also read: Hines, DNR Group to invest Rs 65 cr in Bengaluru commercial project

Hines, a real estate firm based in the US, has tied up with DNR group for the development of a premium commercial project in Bangalore which includes a 2 million sq ft of leasable area. This marks the second office project developed by the companies in a partnership.The project named 'DNR Nagavara' shall be developed across an 11.3-acre land parcel located within an established micro-market next to the Manyata Tech Park and Karle Town Center, Northern Bengaluru. DNR is the project owner with Hines being the development manager. The total project leasable area is approximately 2 million sq ft and it is expected to be completed by 2026. Hines India senior managing director and country head Amit Diwan told the media that they had entered the Bengaluru office development business in 2020 with the DNR group which today has grown to be their largest project portfolio in India. He said that Hines and DNR have a successful partnership creating a foundation for them to come together again for expanding the relationship to make another Grade-A office project. The new project shall be attractive to built-to-suit as well as multi-tenanted options for the occupier partners. DNR Group managing director, Vipul Kumat said that with their joint experience they will develop a world-class project to ensure the needs of the occupiers after the COVID-19 environment is met. They believe that a local-global partnership gives unique benefits to the tenants which would not be done successfully alone. Image Source Also read: Hines, DNR Group to invest Rs 65 cr in Bengaluru commercial project

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code