CAM advised on a long-term sub-lease between Prestige Group and Bengaluru Airport City Limited (“BACL“) (a wholly owned subsidiary of Bengaluru International Airport Limited (“BIAL“)) for the development of a state-of-the-art Convention and Exhibition Centre within the Bengaluru Airport City. The transaction stands out for it scale, strategic location and high-profile stakeholders, integrated infrastructure, regulatory and urban planning nuances. This transaction involved extensive commercial negotiations, structuring of lease rights, development milestones, and operational covenants tailored to airport infrastructure guidelines. The deal marks a significant real estate development on airport land, bringing together private development expertise and public infrastructure vision to create a flagship event destination in South India. The Convention Centre is poised to be one of the larger of its kind in South India, envisioned as a premier destination for international conferences, exhibitions, and large-formal events
The transaction team was led by Reeba Chacko (Senior Partner); and Abhilash Pillai (Partner); with support from Diptayon Basu, (Director – Real Estate), and Astha Krishna, (Associate).
