Real Estate

Real Estate Transactions

Prestige set to build large warehouses; acquires land parcels in Bengaluru

Mint  

Real estate firm Prestige Group is gearing up to develop a large warehousing portfolio, and has acquired multiple land parcels in and around Bengaluru. The Bengaluru-based developer, which has commercial offices, residential and shopping mall projects under development, will diversify into warehousing prompted by huge demand from e-online commerce firms in particular. Prestige will invest capital in developing these projects and once a portfolio of assets is created, it may look at onboarding an investor.