Alpha G:Corp Development Private Limited is going to inaugurate AlphaOne mall in Amritsar on 5th March 2010. The four-floor property has more than 170 outlets, with Its each floor covering over 1,20,000 square feet of retail space.
Talking exclusively to IndiaRetailing S K Sayal, director & CEO, Alpha G:Corp says, “The mixed use property is spread over an area of two million sq.ft with a total investment of Rs.700 crores and initial investment of over Rs.350 crores for first phase of one million sq. ft.” It has successfully reeled in Shoppers Stop, HyperCity, Fun Cinemas, Orama, Reliance Trends, Standard Max and Lifestyle Max.
“We have the best mix of international and national brands including United Colors of Benetton, Tommy Hilfiger, Levi’s, Provogue, Wrangler, Adidas, Nike, Reebok, Puma, Blackberrys, Zodiac, U.S. Polo, Flying Machine, Planet Fashion, F2O, Jack&Jones, Veromoda, Alcott, Peter England, Mufti, Hi Design, Biba, Arrow, Kap Kids, Catmoss, Emerge, Lakshita, Woodland, Magnet, VIP, Just Lucky’s, Nu West, Café Coffee Day, Sunglass Hut, Mothercare, Deep International, Rockport, Himalaya, VDOT, FuelStop, H&A, Metro, The Body Shop, Beverly Hills Polo Club, Bat Zone, Guess et al,” he says.
The mall is over 90 per cent leased out and only a few retail spaces like kiosks are left. The retailers were offered innovative options of choosing among three plans for booking slots, that is, Platinum Plan, Gold Plan and Silver Plan, according to the requirements of their business plans. “The Platinum Plan has interest-free refundable security deposit and no rent or maintenance charges. The Gold Plan is one time payment option with three years lease with no rent. The Silver Plan has interest free refundable security deposit with monthly rental plan, including maintenance with a three years minimum lease,” informs Sayal.
Sharing his upcoming project, Sayal says, “Our second mixed use twin development, AlphaOne is located at Vastrapur, Ahmedabad. The mixed-use development will comprise of retail, entertainment, hotel, spa and service apartments.”
“The total development of this project is close to 1.2 million square feet, of which retail cum entertainment will comprise of 720,000 sq.ft. Over 80 per cent of the mall is leased out to prominent brands such as Shoppers Stop, Hypercity, Shringar Cinemas, Madura and Raymonds among many other international and national brands. The retail development will cater to daily shopping needs, varied cuisine, fine dining and entertainment. The completion activities of this development are in full swing,” he informs.
— Diwakar Kumar