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Pioneer Property Zone (PPZ) to manage over 1 million sq.ft of retail space in Hyderabad
~ Bags Manjeera Mall and 4 other projects under development in Hyderabad ~
Hyderabad, May 2014: In the dynamic retail scenario that India is going through at the moment, Pioneer Property Zone (PPZ), has further strengthened their presence in the Southern India by acquiring 5 more projects to their existing portfolio of 13 assets nationwide. The 4 assets which will be developed under the supervision and guidance of PPZ include Secunderabad Central mall and Odean mall both by Shanta Sriram Constructions, Youdan Plaza by Youdan Infrastructure Projects Pvt. Ltd and Kompally Mall. Manjeera Mall at Kukatpally which is already operational is also now being managed by PPZ.
Located at Kukatpally – a major residential and commercial suburb in Hyderabad, Manjeera Mall is one of the most popular shopping hubs in the area. Spread across 4,70,000 sq. ft, this mall has 4 floors full of shopping options and a separate floor for entertainment and cinema. Owing to the high rise residences, educational institutes and ITparks nearby, the mall is frequented by a lot of youngsters and young corporate employees around the area. Manjeera Mall has a good mix of International as well as local brands, F&B chains and multiplexes catering to various age groups. The mall has been operational since October 2013.
Secunderabad Central mall and Odean mall are both planned to cater to different customer segments in Hyderabad. Spread across a cumulative 0.5 million sq. ft., these assets are based in the Patny Square region and the RTC Cross Junction in East Hyderabad respectively. Secunderabad Central Mall, located at the junction of Patny Circle in Hyderabad has around 3,50,000 sq.ft of GBA, will be built with 4 levels + Entertainment. This mall is catering to the affluent catchment of Secunderabad, where shopping has been traditionally done only in the high streets. This project hopes to change the shopping experience and range of offerings available to the catchment. Whereas, Odean Mall is located at the RTC Cross Junction in Hyderabad has over2,10,000 sq.ft of GBA. This project will be a mid-segment neighborhood centre with a mix of Junior Departmental Anchors, Fashion Anchors and F&B. Odean Mall will also house a Cinema which will cater to the movie crazy catchment. The centre should be open to public by the last quarter of 2017.
Speaking about PPZ’s new feat of achievement in Hyderabad, Mr. Anand Sundaram, CEO, Pioneer Property Zone said, ‘’I see great potential for Retail in Andhra Pradesh. With the number of retail projects and the speed at which they are coming up with, only reaffirms my belief. I am delighted that we have managed to win 5 mandate’s in the city of Hyderabad which has so much potential. Each of these projects have the potential to change the way shopping happens in this city. I am confident of adding value to all these assets that we manage across the country.
Apart from these, PPZ is managing Youdan Plaza and Kompally mall in Hyderabad which is in the development phase and are expected to be open to public before 2017. Located at Abids road, Youdan Plaza has around 1,05,600 sq.ft of GBA.
Keeping in mind the changing consumer trends and living up to this spirit, PPZ’s approach has always been to ensure the client’s satisfaction to the core. With these brand new additions to their portfolio, PPZ will have its presence felt across 6 cities including Mumbai, Dehradun, New Delhi, Pune and Amritsar.
PPZ was set up in late 2004 as a joint venture between ICS Realty (A 100% subsidiary of ICS Group) and Old Mutual Property (A 100% subsidiary of the London Listed insurance firm Old Mutual Plc). Pioneer Property Zone (PPZ) is an organization that offers complete property solutions aimed towards maximizing potential. We have a unique ability to provide complete end to end solutions, with the objective of creating successful retail assets, generating superlative returns to its stakeholders and providing complete retail experience to the end customers. Our services range from Investment Advisory, Design Development, Leasing, Lease Management, Project Management & Mall Management.