Shopping Mall Architecture Specialist


www.kreativarchitects.com
 
Visit our corporate website at www.propbrowser.com


Propbrowser Realty India Pvt Ltd

Mall Leasing, Consulting and Mall Management Services


Mall Leasing:

Whether you are an international retailer or an independent local seller, Retail Spaces Specialty Mall Leasing can provide your business with the ideal solution to enhance your sales through leasing one of our numerous casual mall leasing sites in Tier 1 cities and also in upcoming cities and towns across the country. We have represented several malls in the past and successfully done transactions for Hypermarkets, Multiplexes, specialty stores, apparel, footwear, food courts, luxury retail etc.

We can help you design and plan your mall right from the initial approval stages and guide you through various technical intricacies involved in planning and building a successful retail mall with our team of international architects, consultants and mall leasing specialists. We can fix Anchor tenants such as Hypermarkets and Multiplexes at the initial stages itself giving you a certain degree of guarantee for your investment and also enhancing the leasability of vanilla stores from a leasing standpoint.

Some of the issues that developers who lease out the space themselves or through unorganized realtors or realtors without experience in mall leasing could be :

  1. Not planning the mall around anchor tenants
  2. Lack of market research by developers and realtor
  3. Tendency to lease out on a first come first serve basis

Our Mall leasing experts can assist you having the right tenant mix and anchors suited to the city and location of your mall, these things would go a long way in ensuring the success of your mall.


Mall Management:

The Indian retail market is expected to continue its growth trajectory into 2015 and beyond. For upcoming and existing malls and the retail store tenants to be successful Mall management would play a pivotal role.

Following are the major components of Mall management:

  1. Mall Positioning
  2. Zoning
  3. Promotions and marketing.
  4. Tenant Mix
  5. Finance management

Forum mall

Mall management in India till recently was limited to facility management by a majority of developers in India, leading to gaps in mall management practices. In the Indian market there are roughly around 230 operational malls currently, but another 60 to 70 malls would be added by mid 2012.Additionally another 200 malls are in various stages of development across the country. With this scorching pace of growth and increasing competition in the retail market mall developers should address these gaps to ensure their projects succeed in the long run.
Retailers today face many challenges, including increasing competitive pressures, thin margins, high occupancy costs and unpredictable supply base that come in the way of their attaining operational efficiency and profitability. As organized retail grows, the market will only become more competitive and developers will have to work hard to differentiate. Faulty mall management along with inappropriate tenant mix would lead to poor mall traffic and closure of individual stores in malls. Professional third party mall management service providers are hence likely to come to the fore. We not only understand these business challenges, but also have the ability to help retailers effectively deal with them.

Generally there are two types of consumers who visit malls – focused buyers and impulse buyers. The time spent by focused buyers inside the mall is relatively lower as compared with impulse buyers who spend a lot of time window shopping. Malls which have entertainment zones and/ or promotional activities have larger foot falls and more percentage of impulse buyers. Mall management becomes critical to attract impulse buyers.

For example, Ansal Plaza in Delhi has ensured its success through good promotional events and mall management practices since its inception in 1999. Its amphitheatre which is dedicated to promotional activities has ensured footfalls despite newer malls coming up in the NCR region.

Some of the issues that developers who lease out the space themselves without involving a professional agency could be :

  • Not being able to plan the mall around anchor tenants
  • Lack of market research by developers
  • Tendency to lease out on a first come first serve basis
  • Perceive outsourcing as additional cost
  • Lack of accountability for in-house promotional activities

Our Mall management skills enable property owners to receive the benefit of master planning and development expertise which is critical to ensure that malls are strategically positioned for long-term growth and success. To view a list of clientele to whom we can present your mall please click here.

For more Info please mail us on info@retailspaces.in or call us on 0 93422 37939