The Phoenix Mills Limited CC-Mar24.pdf · 2024-05-18
My first question is, we talked about tier one malls. So just for your expansion in tier one metro cities , we have so far taken the greenfield route for constructing new malls, but for given the land availability issue, would you be open to or have you considered exploring the brownfield or acquiring existing malls and turning them around. And would your valuation expectations be very different when you are acquiring a brownfield mall, so, that’s my first question.
Okay, understood that’s clear. And secondly, on the commercial bid, you gave timelines on the completion. So, between Bangalore, Millennium Towers and Chennai, in the next six months we have almost roughly about 1.5 to 2 million square feet of space coming up. What is the leasi ng pipeline looking like in these assets?