Brigade NorthstarMarch 17, 2010
Oracle India lost the deal it was planing with Brigade, a Bangalore-based Group, for a 1.2-million square feet trade space in its project.
In order to consolidate its numerous leased spaces in Bangalore, the IT major, Oracle, had planned an office space in Brigade Northstar,a tower complex with 30 floors within Brigade Gateway.
Oracle informed its employees through an email that the deal couldn’t get through, so pursuing this location is not the plan now. Around 8000 employees were supposed to be transfered to the facilities of Northstar.
Northstar is a part of Brigade Group’s 40-acre township called Brigade Gateway and includes apartments, Sheraton Hotel, malls and Columbia Asia Hospital.
It could have been proved one of the major deals if it could get through. Also, this deal could bring a profit of Rs. 600 cr. to the brigade. Oracle was after Brigade since last six months but the deal could not get through since the differences over in the prices could not be settled.
In around 12 months from November 2009, the first team will be shifted to the new location was the upcoming plan of Oracle. Centralising its administrative functions and common operations and common operations was another plan.