Tag Archives: Retail

Non-performing retail in Pune gets converted into office space

With limited availability and high demand for high-quality office spaces in the city bringing about the lowest vacancy rates in three years and steadily increasing rents, Pune is facing a commercial real estate supply crunch. The market is opting for solutions ranging from converting the non-performing retail and hospitality space into offices, refurbishing of failed… Read More »

Warehousing and retail realty catch PE firms’ fancy

Apart from the preferred asset classes of office and residential, private equity firms have been taking greater interest in warehousing, logistics and retail real estate. Private equity investors and overseas developers are already looking at opportunities to enter India’s industrial and warehousing sector by investing in various development projects. Foreign investors, including those from China,… Read More »

No Hyderabad blues for growing retail realty

Retail space absorption in Hyderabad has picked up pace after remaining subdued for years due to regional agitations and political uncertainty. According to property consultants, more than half a dozen large retailers, including global brands H&M, Forever21 and GAP, and domestic players Reliance, Shoppers Stop and Central, recently agreed to absorb nearly 2.6 million square… Read More »

Phoenix Mills Ltd to revamp two malls in UP

Mumbai based Phoenix Mills Ltd has taken over the full equity and management control of three properties run under a partnership from the Upal group, its JV partner. President-West, Phoenix Mills Ltd, Rajendra Kalkar said that 15-20 new stores would be added to each of the malls in Lucknow and Bareilly, with many of them… Read More »