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Goldman Sachs acquires land in Bangalore

Monday, 13 May 2013
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Goldman Sachs has acquired 25 acre on the Outer Ring Road in Bangalore.


The acquired land has a development potential of 2.5 million sq ft office space. The space would be developed by Kalyani Developers in phases. Phase-I of the project is expected to be completed by 2013 while phase-II will be completed in 2015. However, the company has already signed LoI with the developers. Goldman is planning to relocate completely from its existing offices in Manyata Tech Park and Embassy Golf Links.


Besides Goldman, Infosys too has recently signed up for one lakh sq ft SEZ space at Bagmane World Trade Centre on the ORR.

 

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