Global Village Tech Park
12°55′13″N 77°30′15″E / 12.9203972°N 77.5042898°E
  (From top) LTIMindtree campus, Sonata Software building | |
| Founded | V. G. Siddhartha / Cafe Coffee Day Group |
|---|---|
| Location | Kengeri, Mysore Road, Bangalore |
| Owners |
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| Industry | Information technology, IoT, Electronics, Mechanical engineering |
| Major companies | LTIMindtree, Accenture, Mphasis, NTT Data, Tietoevry, Northern Trust, Textron, Sonata Software, Texas Instruments, Capgemini |
Sattva Global City (formerly Global Village Tech Park) is a software technology park in Bangalore, India. The park is in Kengeri off Mysore Road, behind the R.V. College of Engineering. It is about 4 km away from Kengeri railway station and 1 km away from Pattanagere metro station. The park is spread over 120 acres[1] with a total built-up area of 3.3 million sq ft.[2] The headquarters of erstwhile Mindtree is within the park.
Global Village Tech Park was constructed and owned until 2019 by Café Coffee Day Group under its real estate arm Tanglin Developments Ltd.[3] The tech park's value was estimated at ₹3,000 crore in 2019.[4][5] In September 2019, Cafe Coffee Day Group sold the tech park for ₹2,700 crore (US$383.41 million) to a consortium owned by the Blackstone Group (80%) and Salarpuria Sattva (20%).[6][7] Global Village Tech Park was consequently renamed Sattva Global City.
References
[edit]- ^ Mohapatra, Debasis (30 July 2019). "Curious case of CCD founder: V G Siddhartha was under heavy debt burden" – via Business Standard.
- ^ Khan, Sobia (2 March 2019). "Blackstone, Sattva Group in talks to jointly buy Rs 2,700-crore tech park" – via The Economic Times.
- ^ "Global Village". Tanglin. Archived from the original on 10 January 2015.
{{cite web}}: CS1 maint: unfit URL (link) - ^ PM, Indulal; Balasubramanyam, K. R. (2 August 2019). "Likely valuation of Rs 3,000 crore: Siddhartha's family & Blackstone may revive Tech Park sale talks" – via The Economic Times.
- ^ "VG Siddhartha's kin, Blackstone to resume talk for Coffee Day tech park sale: Report". Moneycontrol.
- ^ "Coffee Day sells Global Village Tech Park for ₹2,800 cr to Blackstone". Livemint. 6 September 2019. Retrieved 21 April 2020.
- ^ "Blackstone, Salarpuria Sattva finalise deal to acquire CDEL's tech park for Rs 2,700 crore". Business Today. 17 September 2019. Retrieved 18 December 2023.