1 BRIGADE INSIGHT For private circulation only VOL.16 NO.2 THE NEWSLETTER OF THE BRIGADE GROUP RELEASED IN SEPTEMBER 2012 At the Harley Davidson event @ Orion Mall, Brigade Gateway 2 3 Brigade partners with GIC Singapore Brigade Group now in new development at Whitefield has accredited agent For the first time in its 25-year history, Brigade treasury and currencies, real estate, private Group has signed a Private Equity (PE) deal equity and infrastructure. Since its inception, in the USA! with Government of Singapore Investment GIC has grown from managing a few billion Corporation Pte Ltd (“GIC”) to develop a dollars, to well above US$ 100 billion today. residential property. The property, located on Whitefield Main Road, was acquired We are happy to partner with from Hindustan Unilever Ltd (HUL) through a bidding process. The land spans about GIC Singapore, which is amongst 9.3 acres for a developable area of over 1.5 the world’s largest investment Brigade Group‘s presence and operations in million sft of prime residential apartments. houses with strong values and the USA have been strengthened with the GIC is a global investment management vision that are in sync with ours. recent appointment of Legion Real Estate as company owned by the Government of Singa- its accredited agent. Legion is a real estate I hope this will be the beginning pore. It was established in 1981 to manage investment sales company with offices in the Singapore’s foreign reserves and is now of a mutually beneficial, long-term prestigious Menlo Park area, at the heart of amongst the world’s largest fund management association with them." the San Francisco Bay region. Legion caters to companies. GIC invests internationally in the global real estate investor. The company —M. R. Jaishankar, CMD, Brigade Group equities, fixed income, natural resources, will now be the trusted point of contact for all Brigade Group's current and future clients who live in the U.S. and Canada, providing up-to-date information on all residential and One of India’s Best Companies to Work For commercial investments. At a ceremony held on 13 July at The Lalit, second consecutive year that Brigade Group Mumbai, Brigade Group was selected as One has won this award. The company was ranked Legion Real Estate, 883 Santa Cruz Avenue, of India's Best Companies to Work For 2012. 3rd in the Real Estate Industry and 23rd on Suite 200, Menlo Park, CA 94025 The selection was made on the basis of a an illustrious list of Top 50 Companies having Phone: +1-650-494-4975 study conducted jointly by The Economic Times up to 1000 Employees. Fax: +1-650-618-1619 and Great Place to Work Institute. This is the page 4 … Email: [email protected] New Projects CREDAI Awards for Brigade Gateway & WTC Launched ! Ground breaking ceremonies were performed ‘Theme-based Township of the Year’ for our four new projects. & Brigade Oak Tree Place Vijayapura Road, Devanahalli 4-bedroom courtyard villas, ranging from ‘The Best Commercial Office Space of the Year’ 2760 sft to 3090 sft. The development is divided into a series of clusters with a Brigade Group won two prestigious awards integrated enclave. well-defined hierarchy of spaces. at the CREDAI (Confederation of Real Estate The second was for “The Best Commercial Developers' Association of India) Real Estate Office Space of the Year” for the World Trade Brigade Altamont Awards 2012 held at Grand Hyatt, Mumbai, Center Bangalore at Brigade Gateway. Brigade Arkavathy layout, off Hennur Road on 11 August. Group is the only developer to have received 190 luxury apartments spread across The first was for “Theme-based Township two awards at the event. 5 wings. 2- and 3-bedroom apartments of the Year” for its Brigade Gateway, an page 5 … range in size from 1250 sft to 1800 sft. Brigade Caladium Hebbal This premium residential development offers ALSO IN THIS ISSUE ... spacious 3- and 4-bedroom apartments, ranging from 3410 sft to 4400 sft. Value Homes at Brigade Orchards launched Pg 7 • Brigade Showcase in India page 8 … and abroad Pg 9 • Dakshin, a grand success at MLR-CC Pg 10 • Star visitors Brigade Magnum and unique show at Orion Mall Pg 12 • A full calendar at WTC Bangalore Pg 15 Bellary Road, Hebbal • tripadvisor awards for Brigade Homestead and Sheraton Bangalore Pg 16 Extending across two blocks, this 9-storey, Grade A building is an ideal office space. • The Brigade Schools' achievements in inter-school events Pg 18 • Clive of India Pg 23 page 22 … 4 For the second consecutive year, Brigade Group is One of India’s Best Companies to Work For One of the most extensive workplace studies BRIGADE GROUP has been Survey methodology in India is conducted jointly by The Economic selected as one of India's Best The study uses a unique employee-centric Times and Great Place to Work Institute. framework that measures the levels of The best workplaces are selected and given Companies to Work For 2012. trust, pride and camaraderie prevalent in an awards. This year's awards were presented Brigade Group was ranked 3rd organisation through Trust Index, a proprietary at a ceremony held on 13 July at The Lalit, in the Real Estate Industry employee tool developed by the Great Place Mumbai. to Work Institute. It uses 57 statements that and 23rd on an illustrious list measure employee experience through five The size of the survey of Top 50 Companies having dimensions of the Great Place to Work Model The India survey covered 85,000 employees up to 1000 Employees. and five customised statements for the Indian across 533 companies—out of which 220 fall context. Brigade Group scored 79 against under the category of employing less than Brigade Group won this the overall index of 82 by Top 50 companies 1000 people. Construction & Real Estate was award last year as well. in the year 2011. The survey also relies on one of 22 industries identified as ‘Best verbatim employee comments about in Class’ sectors and 15 companies from what makes their workplace great and this category participated in the survey. what would make it better. Evaluation All companies that participate in the For over 27 years and in over 49 study are evaluated and selected countries, Great Place to Work primarily on the basis of their employees' Institute has been conducting responses to the survey. This is given studies to understand and identify 2/3 weight in the overall score. The the best workplaces. The study remaining 1/3 of the score is derived conducted in India is based on the from Culture Audit, a management same model and methodology that survey where the company submits is followed in carrying out similar detailed and comprehensive material studies elsewhere, including the US that is subject to rigorous evaluation and Europe, where the results are using the Great Place to Work Culture published in Fortune magazine and Audit Evaluation Framework. The Financial Times, respectively. —ET Bureau Jul 16 5 CREDAI Awards for Brigade Gateway & WTC Theme-based Township The Best Commercial of the Year We are happy that the team’s efforts to build a world class Office Space of the Year project—the most integrated lifestyle enclave anywhere in the world—has been recognised by the developers' trade body. It gives us a great sense of achievement and motivates us to outperform again. We are proud to have created an outstanding landmark in the city of Manjunath Prasad, COO, Projects (right) and Pradyumna Pradyumna Krishnakumar (right) and Manjunath Prasad Krishnakumar, EA to CMD and Analyst (second from right) (second from right), Brigade Group, receiving the award from Bangalore. Brigade Group, receiving the award from T. Chitty Babu, Malaika Arora, Film Actor. —M. R. Jaishankar, Hon. Secretary, CREDAI. CMD, Brigade Group Brigade Group walked away with two CREDAI announced the results at a prestigious awards at the Confederation of star-studded event attended by opinion makers Real Estate Developers’ Association of India of the real estate sector and well-known (CREDAI) Real Estate Awards 2012, held at celebrities from Bollywood. Companies from In Construction World Grand Hyatt, Mumbai, on 11 August. The first over 100 Indian cities were in the running was for Theme-based Township of the Year, for the awards. The jury selected Brigade for its Brigade Gateway, an integrated enclave. Gateway and World Trade Center for the The second was for The Best Commercial respective awards after visiting the Brigade Office Space of the Year for the World Trade Gateway campus and, subsequently, by a Center Bangalore at Brigade Gateway. Brigade presentation made by the Brigade team at Group is the only developer to have received New Delhi. two awards at the event. Construction World, India's leading magazine for the construction sector, brought out a 16-page supplement on Brigade Gateway in its August issue. The editorial decision to bring out the supplement was taken by Construction World after their editors visited the Brigade Gateway campus and were impressed by the A view of Brigade Gateway enclave at night. (l to r) Orion Mall, Sheraton Bangalore Hotel and World Trade Center. whole development. In the foreground is the enclave's lake. We had great pleasure visiting Bangalore's I had the pleasure of visiting your new You have given more to the city flagship project Brigade Gateway … I was really office at World Trade Center and I was than you have received from it. impressed by this project—one of the most totally floored by exceptionally high quality city-centric developments around the world.