One of the best shopping malls in Chennai. Situated near the IT corridor. Only Mall in 25 Km radius.
Asset held in a PVT Ltd company.100 + tenants. Anchor tenants on long leases 12 + years.
Potential to add Residential development or Co-living spaces on site. No new mall licences to be granted in this area at least for another 5 to 7 years.
2022 income level is expected to get back to expected levels of INR 5 Cr pm (60 Cr pa) from the current Covid rent (reduced) level of 3 Cr pm.
4 acres of land with 5.2 lakh sq ft of leasable area.
About 2000 parking spaces (car + bike).
March 2019 practical completion of the building. Purpose-built building.
Guide price INR 754 Cr.
Please note the owners want to know the profile of any potential buyer before they will commit on a mandate with us.
Happy to provide any clarifications.
Kindly speaks to the REITS and others who might be interested and let me have a feedback.