Britannia, Bombay Realty go for joint venture
Bakery and dairy products manufacturer Britannia Industries is likely to develop retail space on a six-acre plot of land in Bangalore jointly with Wadia Group‘s real estate arm, Bombay Realty.
Sources say that Britannia is looking to develop retail asset and is in the process of hiring a local architectural firm to design the proposed project. The plot is located on the old airport road and serves as the corporate head office for Britannia.
It also houses residential quarters for the company’s employees. The plot was put up for sale by Britannia in December last year, and Britannia is exploring several commercial properties including taking up a 70,000 square feet of space in Prestige Shantiniketan, for relocating all its functions from the current headquarter.
Bangalore, Bombay realty, Britannia, Britannia Industries, old airport road, Old Airport Road in Bangalore, Prestige Shantiniketan, retail space, Wadia Group
