Brigade Enterprises ' coworking brand, BuzzWorks, has announced a significant expansion in Hyderabad, adding 50,000 square feet of modern workspaces to its portfolio. This move marks a strategic growth in the company's presence in the thriving IT hub of Cyberabad.

New Center at Mindspace Business Park

The latest BuzzWorks center is located at Mindspace Business Park in HITEC City, Hyderabad. This pre-eminent facility spans over 50,000 square feet and adds 1,000 seats to BuzzWorks' existing desk bank. The expansion represents a deliberate step beyond Brigade-owned developments, underlining the brand's commitment to delivering premium managed workspaces in high-demand commercial locations.

State-of-the-Art Amenities

The new center is designed to meet enterprise-grade expectations while offering flexibility and speed to market. It will be equipped with a full spectrum of amenities, including:

• Cafeteria
• Wellness room
• Collaborative zones
• Recreational areas
• Phone booths
• Common boardroom
• Multiple meeting rooms

Strategic Location and Connectivity

The Mindspace Business Park location offers excellent connectivity, a crucial factor for businesses:

• Direct skywalk access to Raidurg Metro Station (650 meters away)
• Easy access via TSRTC buses and cabs
• Ample in-campus parking
• Proximity to Rajiv Gandhi International Airport (34 km)
• Close to Secunderabad Railway Station (18 km)
• Near key business districts like Gachibowli (4.3 km)

Innovative Design Concept

Following the success of its first Hyderabad center at Auro Orbit – HITEC City, which was designed around an Urban Forest theme, the new space embraces a 'ModZen' or Modern Zen concept. This design philosophy blends the calm of Zen principles with the pace of modern-day work life, reflecting Hyderabad's unique position as both a thriving tech hub and a serene, liveable city.

Market-Driven Expansion

Siddharth Verma, General Manager of BuzzWorks, commented on the expansion: "This expansion reflects BuzzWorks' deliberate and demand-led approach to growth, rooted in market insight, operational agility and strategic location selection. Our entry into Mindspace Business Park, HITEC City aligns with our larger vision of delivering high-performance workspaces in prime business districts."

About BuzzWorks

Launched in 2019, BuzzWorks is Brigade Group's flexible office space brand. It offers two key formats:

1. Built-to-Suit solutions for enterprises with specific design and operational needs
2. Ready-to-Occupy offices for businesses seeking high-quality, immediately functional spaces

The brand primarily caters to large enterprises and growth-focused companies, positioning managed offices as enablers of productivity, culture, and scale in today's dynamic business landscape.

This expansion in Hyderabad not only increases BuzzWorks' physical footprint but also reinforces its commitment to providing flexible, high-quality workspaces in strategic locations. As the demand for managed and flexible offices continues to grow, BuzzWorks appears well-positioned to capitalize on this trend in the evolving commercial real estate market.

Brigade Enterprises Limited , a prominent real estate developer, has announced a significant financial move that could bolster its capital structure. The company's Board of Directors has given the green light for the issuance of Non-Convertible Debentures (NCDs) worth up to Rs 1,500 crore on a private placement basis.

Key Details of the NCD Issue

• Issue Size: The approved NCD issue has a maximum limit of Rs 1,500.00 crore.
• Issuance Method: The NCDs will be issued through private placement.
• Tranches: The company may issue the NCDs in one or more tranches, providing flexibility in fundraising.
• Regulatory Approval: The issuance is subject to all applicable regulatory and statutory approvals.

Additional Information

According to the company's disclosure to the stock exchanges:

• The Board meeting where this decision was made took place from 3:15 PM to 4:05 PM.
• The debentures may be listed on stock exchanges, with the final decision to be made by the Board of Directors or a Committee of Directors at the time of allotment.
• Specific details such as the tenure of the instrument, coupon/interest rates, and payment schedules will be determined by the Board or the designated committee.

Implications and Next Steps

This move by Brigade Enterprises indicates a strategic approach to raising capital, potentially for funding ongoing projects, refinancing existing debt, or supporting future growth initiatives. The use of NCDs as a financing instrument suggests the company is leveraging debt markets to optimize its capital structure.

Investors and market watchers will be keenly awaiting further details on the terms of the NCDs, including interest rates and maturity periods, which will be crucial in assessing the attractiveness of the issue and its impact on the company's financial position.

As the real estate sector continues to evolve, such financial maneuvers by established players like Brigade Enterprises reflect the ongoing need for capital to fuel growth and development in the industry.

The company has stated that this information is available on its official website, www.brigadegroup.com , for public reference. Stakeholders are advised to monitor further announcements for additional details on the NCD issue as they become available.