In its first ever Indian investment, the Plaza Centers Group has appointed Pioneer Property Zone (PPZ), - leading experts in developing and managing shopping malls -for their upcoming mall in India - Property Zone will be managing the mall for the group which will include financial management & implementing strategies for growing the asset performance. The upcoming property is at Koregaon Park Plaza Mall in Pune. The Plaza Centers Group is a leading emerging markets developer of shopping and entertainment centers. The Plaza Centre Group has developed and let out at least 30 shopping and entertainment centres across the globe. It has its presence in countries like Hungary, Poland, the Czech Republic, Greece, Romania, Latvia, Serbia and Bulgaria. They have made their first investment in India. Speaking on this occasion Mr. Ashwin Puri, CEO, Pioneer Property Zone said, "We are extremely happy to work with a gl
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player like Plaza Centers Group. Koregaon Park is a well known and premium destination in Pune and we strongly believe that Koregaon Park Plaza has potential to become amongst the leading malls in the country." The mall is already operational and 80% is leased out, however a formal launch is being planned around October 2012 by when the mall is likely to be fully occupied. "We were keen to bring a team on board that understood retail from an international perspective and at the same time was close to the ground realities and local Indian requirements" mentions Yossi Ofir, CEO Plaza Centre Group on the appointment of Property Zone.Notes to EditorPioneer Property Zone offers complete property solutions aimed towards maximizing potential. The company's services range from Investment Advisory, Design Development, Leasing & Lease Management & management of the completed asset. PPZ was set up in late 2004 as a joint venture between ICS R
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(A 100% owned subsidiary of ICS Group) and Old Mutual Property (A 100% owned subsidiary of the London Listed insurance firm Old Mutual Plc). The core focus of the company is development and management of shopping centers and retail centric mixed use developments. Property Zone has been involved with development of over 15 million sq. ft. of retail space pan India. The company has 5 retail malls under management with over 600 retailers. This includes flagship projects such as R City in Mumbai and Pacific Delhi. The company has a portfolio of malls opening over the next few years including Vega City scheduled to open in October 2012.Read more on IndiaPRwire.com
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player like Plaza Centers Group. Koregaon Park is a well known and premium destination in Pune and we strongly believe that Koregaon Park Plaza has potential to become amongst the leading malls in the country." The mall is already operational and 80% is leased out, however a formal launch is being planned around October 2012 by when the mall is likely to be fully occupied. "We were keen to bring a team on board that understood retail from an international perspective and at the same time was close to the ground realities and local Indian requirements" mentions Yossi Ofir, CEO Plaza Centre Group on the appointment of Property Zone.Notes to EditorPioneer Property Zone offers complete property solutions aimed towards maximizing potential. The company's services range from Investment Advisory, Design Development, Leasing & Lease Management & management of the completed asset. PPZ was set up in late 2004 as a joint venture between ICS R
ealty
(A 100% owned subsidiary of ICS Group) and Old Mutual Property (A 100% owned subsidiary of the London Listed insurance firm Old Mutual Plc). The core focus of the company is development and management of shopping centers and retail centric mixed use developments. Property Zone has been involved with development of over 15 million sq. ft. of retail space pan India. The company has 5 retail malls under management with over 600 retailers. This includes flagship projects such as R City in Mumbai and Pacific Delhi. The company has a portfolio of malls opening over the next few years including Vega City scheduled to open in October 2012.Read more on IndiaPRwire.com
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