Prestige Group,in a joint venture with Bangalore-based liquor conglomerate Khoday -- who also have businesses spanning sectors such as silks,power,and biotechnology -- is developing two marquee commercial office spaces in the central business district area of the city.The combined investments in the projects are said to be about Rs 400-500 crore.
The two projects,Prestige Khoday Platinum,located on Brunton Road,and Prestige Trade Tower,located on Palace Road near Sophia High School,are slated for completion within the next 2 to 3 years.Khoday owns the land parcels at both locations,which are each around 2.5 acres.Khoday,who have a large land bank within the CBD area of the city,have been unlocking value in the past couple of years by entering into JVs with developers.
In fact,Prestige is currently developing another project with Khoday,Prestige Khoday Tower,which is a 1,60,927 sft commercial office space thats adjacent to the Capitol Hotel on Raj Bhavan Road.Prestige Khoday Platinum will have a super built-up area of about 3,50,000 sft,with three levels of multilevel parking facility and 23 floors of office space.There will also be a helipad at the terrace level.
Prestige Khoday Platinum would be completely dedicated to commercial office space,Prestige Trade Tower will see a mix of high-end retail as well as food and beverage (F&B ) retail.Indications are that Prestige is planning on doing something similar to UB City's F&B offering: highend gourmet restaurants and bars.
The retail space will look to have premium to high-end brands,however,not the kind of ultra high-end brands seen at UB City.
Around 1,15,000 sft will be dedicated to retail at Prestige Trade Tower,with 3,68,750 sqft dedicated to office leasing space.The commercial-cumretail development will be one of the few to overlook a green space;the greens of Bangalore Golf Club.
Prestige has completed 157 projects spanning a total developed area of over 44.08 million sft across residential,commercial,retail,leisure and hospitality sectors.
The two projects,Prestige Khoday Platinum,located on Brunton Road,and Prestige Trade Tower,located on Palace Road near Sophia High School,are slated for completion within the next 2 to 3 years.Khoday owns the land parcels at both locations,which are each around 2.5 acres.Khoday,who have a large land bank within the CBD area of the city,have been unlocking value in the past couple of years by entering into JVs with developers.
In fact,Prestige is currently developing another project with Khoday,Prestige Khoday Tower,which is a 1,60,927 sft commercial office space thats adjacent to the Capitol Hotel on Raj Bhavan Road.Prestige Khoday Platinum will have a super built-up area of about 3,50,000 sft,with three levels of multilevel parking facility and 23 floors of office space.There will also be a helipad at the terrace level.
Prestige Khoday Platinum would be completely dedicated to commercial office space,Prestige Trade Tower will see a mix of high-end retail as well as food and beverage (F&B ) retail.Indications are that Prestige is planning on doing something similar to UB City's F&B offering: highend gourmet restaurants and bars.
The retail space will look to have premium to high-end brands,however,not the kind of ultra high-end brands seen at UB City.
Around 1,15,000 sft will be dedicated to retail at Prestige Trade Tower,with 3,68,750 sqft dedicated to office leasing space.The commercial-cumretail development will be one of the few to overlook a green space;the greens of Bangalore Golf Club.
Prestige has completed 157 projects spanning a total developed area of over 44.08 million sft across residential,commercial,retail,leisure and hospitality sectors.
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