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BEL has secured lease agreement with US based Healthedge

ICICIdirect Research 21 Aug 2026 DISCLAIMER

News: BEL has secured lease agreement with US based Healthedge for 1.62 lakh sft (lsf) across 11 floors at Technopark Brigade Square Thiruvananthapuram. Technopark phase 1 has 2 lsf of commercial office space designed to support the evolving requirement of technology driven business.

View: Brigade Enterprises offers grade A office space of 7.98 msf across Bengaluru, Chennai, Mysuru, Kochi, Gift City among others. It's 1.9 lsf office for technology based enterprises at Thiruvananthapuram is upcoming with an investment of ₹ 76 crore. Securing lease from US based company for the project speaks of high quality office space created by the company. This provides visibility of rental income growth over the medium term. BEL has an upcoming pipeline of ~11 msf office space of which 2.8 msf is expected to come live by FY28E, 0.7msf in FY29E and 6 msf in FY30. Company aspires to achieve a rental income growth at a CAGR of 20% over FY26-30E. 

Impact: Positive

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