Lease Agreement Details

Brigade Group has signed a lease agreement with HealthEdge, a U.S. headquartered healthcare technology company backed by Bain Capital, for approximately 1.62 lakh sq. ft. of super built-up area across 11 floors at Brigade Square in Thiruvananthapuram.

Property Information

Brigade Square is a 2 lakh sq. ft. IT office building located in Technopark – Phase 1, Thiruvananthapuram. This represents Brigade Group's first IT office building in Technopark and is designed to support the evolving requirements of technology-driven businesses.

Tenant Information

HealthEdge provides AI-powered software and technology-enabled services that help health plans modernize healthcare administration. The company offers an integrated platform spanning claims administration, payment accuracy, provider network management, care management, and risk adjustment.

Space Utilization

HealthEdge will use the new campus to bring together teams across Engineering, Product Development, Technology, Operations and Corporate Functions. The facility has been designed to support collaboration, innovation and employee experience, with dedicated workplace and employee amenities including:

  • Executive floor with boardroom, meeting rooms and executive dining
  • Dedicated cafeteria
  • Training rooms
  • Collaborative workspaces
  • Wellness rooms
  • Mothers' room

Strategic Expansion Plans

Brigade Group has significant expansion plans for Thiruvananthapuram. The Group has signed a Memorandum of Understanding (MoU) with the Government of Kerala to develop a 2 million sq. ft. World Trade Center within Technopark- Phase 1. Brigade Square will form part of this larger development.

Management Commentary

Nirupa Shankar, Joint Managing Director, Brigade Enterprises Limited stated: "Our objective is to create high-quality, technologically equipped workspaces that attract global businesses to the city. Brigade Square was envisioned as a future-ready workplace that can meet the evolving technology, infrastructure and employee experience requirements of world-class organisations. Having HealthEdge as a key occupier validates Thiruvananthapuram's potential as a technology destination and contributes to high-quality employment opportunities."

Kevin Adams, CEO, HealthEdge commented: "Our teams in India are central to our work with deep expertise in AI and engineering, product development, and operations. This new campus in Thiruvananthapuram reflects our long-term commitment to those teams and to the growth we're building together at HealthEdge."

Strategic Significance

The lease agreement represents an important milestone in Brigade Group's expansion in Thiruvananthapuram and reinforces the city's growing appeal as a destination for global technology and healthcare companies. The proposed World Trade Center is expected to enhance the city's ability to attract multinational companies, technology businesses and other knowledge-driven enterprises.