Brigade Enterprises Ltd Share Price – NSE  / BSE

Realty, Small Cap

Brigade Group and global hospitality company Accor announced the launch of ibis Styles Mysuru on KRS Road. ibis Styles is the fourth hotel between Brigade Group and Accor, and their second in Mysuru after Grand Mercure Mysuru.

ibis Styles Mysuru seeks to redefine hospitality with its fusion of contemporary design and cultural nuances. The hotel's interiors draw inspiration from the vibrant birds of Ranganathittu Bird Sanctuary, creating a welcoming atmosphere for guests. With 130 well-designed rooms, ibis Styles Mysuru caters to a variety of needs, offering comfortable accommodation for travelers. The hotel's 30 suites feature designated kitchenettes, private balconies, spacious living areas, and family-friendly rooms. The hotel also houses a dedicated children's play area.

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Brigade Enterprises announced that the Board of Directors of Mysore Projects (MPPL) Unlisted Material Subsidiary of the Company, at their meeting held today i.e 16 August, 2024 have approved the appointment of Mr. Abraham George Stephanos (DIN: 06618882) Independent Director of the Company, as an Independent Director on the Board of MPPL w.e.f. 16 August 2024.

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Through this partnership, abCoffee will open 6 outlets within Brigade properties, enhancing the café experience for tenants and visitors alike.

The abCoffee will introduce technology enabled, novel brewing methods to guarantee a combination of consistent quality and quick service, specifically designed for busy professionals and visitors in premises.

Arvind Rao, vice president of commercial business, Brigade Enterprises, said, We partnered with abCoffee in order to enhance the F&B offerings at our office parks. abCoffee is able to retro fit into operational buildings without requiring additional water or gas points. We find the brand youthful, and relevant, providing high quality F&B at reasonable prices. We are excited to take another step towards enhancing the experience across our campuses.”

Brigade Enterprises is one of India’s leading property developers. The company has developed properties in cities like Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru and Chikkamagaluru with developments across residential, office, retail and hotels.

The company’s consolidated net profit surged 117.29% of Rs 83.72 crore in Q1 FY25 as compared with Rs 38.53 crore reported in Q1 FY24. Revenue from operation jumped 64.8% year on year (YoY) to Rs 1,077.72 crore in the quarter ended 30 June 2024.

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Brigade Group has partnered with abCoffee, grab-and-go specialty coffee, to establish outlets across its commercial office spaces in Bengaluru. Through this partnership, abCoffee will open 6 outlets within Brigade properties, enhancing the café experience for tenants and visitors alike.

We partnered with abCoffee in order to enhance the F&B offerings at our office parks. abCoffee is able to retro fit into operational buildings without requiring additional water or gas points. We find the brand youthful, and relevant, providing high quality F&B at reasonable prices. We are excited to take another step towards enhancing the experience across our campuses.” said Arvind Rao, Vice President - Commercial Business, Brigade Enterprises.

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