Real estate developer Brigade Enterprises on June 19 said it will develop the third tower of the World Trade Centre at Inforpark in Kochi, the company said in a stock exchange filing.
The project, which will cost Rs 150 crore, will see the development of a new 16-storey tower with a car-park of six decks. The project will come up on the non-SEZ plot with a built-up space of 2.6 lakh square feet, the stock filing said.
The new tower is expected to generate around 2,700 direct jobs and the project is expected to be ready in three years, the company's statement said.
Chief minister Pinarayi Vijayan, who was present during the signing of the lease agreement, said 583 new companies have set up offices in Infopark since 2016, generating 70,000 jobs. "The coming up of the third tower of WTC will augment the development of not just Infopark, but the entire IT sector in the state," the CM noted.
M R Jaishankar, executive chairman, Brigade Enterprises Limited, said, “We are happy to increase our footprint in Kerala with a new tower of WTC for the growing IT and IT-enabled service companies in the State. Brigade is keen to expand in Kerala and we will continue to look for viable land parcels.”
The stock price of the company closed at Rs 1,318 on June 19 on NSE, down 3.75 percent.
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