PPZ bags mandate to manage 5 new properties

Pioneer Property Zone (PPZ), India’s leading Mall management company announced today that it has bagged the mandate of managing 5 new properties.

Published On: 2015-03-30

​India, March 2015: Pioneer Property Zone (PPZ), India’s leading Mall management company announced today that it has bagged the mandate of managing 5 new properties. The projects comprise 4 malls and one commercial building located in the metros of Mumbai, Delhi and Bangalore. Speaking on bagging the mandate, Anand Sundaram, CEO, Pioneer Property Zone, said, “We are extremely glad to add these assets under our portfolio.

As organized retail grows and the market will become more competitive, developers will have to work hard to differentiate and sustain. So going forward, these innovative formats will go a long way in determining success of a venture.We look forward to having successful association with our new business partners through our innovative and strategic approach.”


About the properties:

Virginia Mall, Whitefield, Bangalore with its innovative concept of combining entertainment, food and shopping experience is a first of its kind built under the concept of ‘The City Entertainment Centre’ in South India. Apart from other attractions, with ‘Smaaash’ being the main anchor tenant, the 2.02 lakh sq. ft. mall promises to be a complete retail and recreation destination for all ages.

Vega City Mall, Bannerghata Road, Bangalore with a Gross Leasable Area (GLA) of 3.8 lakh sq. ft. is positioned to be  an entertainment destination with 12 cinema screens along with 3 PVR gold theatres.

Mega Mall, the iconic 4.5 lakh sq. ft. mall located in Oshiwara, Mumbai is positioned as one stop premium shopping destination of the suburbs. DIL,the LEED certified building with the key USP of high end office infrastructure spread across 0.9 million sq. ft. is located in neighboring Thane.

This will house IT companies,Banks, financial companies,F&B etc.The fifth one is managing the two parking cum  plazas both with a modern retail mix owned by Unity Group – one in Rohini with 4.13 lakh sq. ft of area and other at Janakpuri     built in an area of 3.8 lakh sq. ft.


About PPZ:

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. 

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Anand Sundaram,CEO, Pioneer Property Zone,said, “We are extremely glad to add these assets under our portfolio. As organized retail grows and the market will become more competitive, developers will have to work hard to differentiate and sustain. So going forward, these innovative formats will go a long way in determining success of a venture. We look forward to having successful association with our new business partners through our innovative and strategic approach.
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