Sattva Group acquires 8.5-acre land in Bengaluru’s EPIP for Rs 300 crore, expands commercial real estate footprint
Sattva Group has acquired an 8.5-acre land parcel in Bengaluru’s Export Promotion Industrial Park (EPIP) from a high-net-worth individual for approximately Rs 300 crore.
The property, which previously housed the operations of global healthcare major Novo Nordisk India, has been a landmark in the area for over a decade. Novo Nordisk had operated from the campus for over 10 years before transitioning out.
The campus has a fully functional operational unit with a built-up area of 188,000 square feet and offers future development potential of up to 1.2 million square feet, along with a data centre of 35 MW. Strategically located in one of Bengaluru’s prominent industrial and business hubs, the acquisition is set to strengthen Sattva Group’s presence in the city’s booming commercial real estate market.
“This is a well-planned acquisition for Sattva. The location, coupled with the development potential, aligns perfectly with its long-term strategy to expand in Bengaluru’s growing business districts,” said a person aware of the deal, on condition of anonymity.
Sattva Group declined to comment on the deal.
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