Oracle India, which was in talks with Bangalore-based Brigade Group for 1.2m sq ft commercial space in its Brigade Gateway project, has called off the deal. The IT major was planning to take office space in Brigade Northstar, a 30-floor tower complex within Brigade Gateway, to consolidate its multiple leased spaces in Bangalore.
Had the agreement been successful, it could have been one of the biggest commercial space deals in Bangalore and could have made Brigade richer by Rs 600 crore. Oracle was in talks with Brigade for almost six months but the differences over in the prices quoted by the two led to the collapse of the deal. Oracle and Brigade Group refused to comment on the issue.
The Economic Times