bangalore bakery and dairy products maker britannia industries is likely to join hands with wadia groups real estate arm bombay realty to develop retail space on a sixacre plot of land in bangalore people familiar with the development said the company is looking at developing retail asset and is in the process of hiring a local architectural firm to design the project one of these people said britannia industries spokesman could not be reached for comment an email sent to jeh wadia managing director of bombay realty remained unanswered the plot on the old airport road serves as the corporate head office for britannia it also houses residential quarters for the companys employees the plot was put up for sale by britannia in december last year it had tried to monetise the land in 2008 also the company is exploring several commercial properties including taking up a 70000 square feet of space in prestige shantiniketan a mixed used development for relocating all its functions from the current headquarter so far no commercial terms have been finalised but britannia plans to move out by the end of this month said the person spread over 105 acre prestige shantiniketan comprises 3628000 sq ft of commercial space fmcg major hindustan unilever has leased 400416 sq ft while capgemini has 500000 sq ft and huawei technology at little over 100000 sq ft at shantiniketan wadia group which owns large land banks across the country plans to develop land to make it big in the real estate sector the company expects majority of its revenue to come from real estate business over the next five years