brigade group and government of singapore investment corporation gic through its affiliate reco begonia have entered into a 5149 joint venture partnership through a special purpose vehicle spv for the development of a residential project on whitefield main road the project would see an investment of rs 100 crore the 95acre property in whitefield was acquired from hindustan unilever limited hul through a bidding process for rs 130 crore with over a million sqft of development the project will be targeted at the highincome group segment read a statement from brigade according to the company the residential project is expected to generate revenues of rs 700 crore over the next three to four years commenting on the development m r jaishankar cmd brigade group said we are happy to partner with gic singapore a leading global investment organisation with strong values and vision that are in sync with brigades lee kok sun deputy head asia gic real estate said we have nurtured long term partnerships with developers across the globe successfully and hope this partnership grows as both partners leverage on each others strengths as part of its strategy to unlock business value from real estate assets hul had put its prime land parcel in whitefield on the block global real estate consultancy firm cushman wakefield had won the mandate to carry out the bid which saw more than 40 companies evince interest in the property