Mumbai’s newest upscale shopping centre, Palladium Mall, has has been completely leased out, according to its developer The Phoenix Mills Ltd. The property is spread over an area of 300,000 square feet with occupiers including major power brands such as The Collective, Zara, Landmark Books, and Bo Concept. “We are now completely full. In fact, because the demand for space was greater than the supply and based on the superior brand mix we have selected, we have had to turn some retailers away,” Tony Ward, COO – Leasing, The Phoenix Mills Ltd., told IndiaRetailing.
Ward further said, “There has been an overwhelming response from the market and currently we are 100% signed. Most units are operational with the last few in the the final stages of fitouts. The total number of stores and Food and Beverage (F&B) outlets is nearly 100.”
In addition to the important brands mentioned above, Palladium also houses stores of other upper crust lifestyle brands, including Burberry, Emporio Armani, Canali, Etro, Hugo Boss, Diesel, Rohit Bal, Suneet Varma, Anita Dongre, Mac/Estee Lauder/Clinique, FCUK, Calvin Klein, Tommy Hilfiger, Giordano, Daniel Hechter and the such. “F&B formats take centrestage with The Comedy Store, Veda, Manchester United Café, and Indigo Deli, to name a few. In addition, the Shangri La Hotel is an integral part of this space and will be opening its doors in late 2010,” informed Ward.
Last week, T S Ashwin, MD, Odyssey India Ltd, told IndiaRetailing that in ensuing four months ‘Editions’ (the diversified retail business of Odyssey into luxury international pens) is set to open one of its stores in Palladium. “We are happy to have Odyssey’s ‘Editions’ to join our family of power brands. As mentioned above, we are now completely signed with the best mix of power brands available,” responded Ward on being asked about the recent retailers (apart from Odyssey) that have signed up.
‘Editions’ has been signed up with an approximately 600 square feet of area in a high traffic location near the F&B zone to add a unique offering to its customer.
Sharing the current turnover figures of the mall, Ward said, “While I cannot share specific turnover figures, but I can say that the response from our customers has been very positive. Our retail partners have also reported they are happy with the results. As the final stores become operational in the near future, things will only get better.”
— Diwakar Kumar