Big Bazaar, Marks & Spencer to open stores at Express Avenue, Chennai

    Big Bazaar, Marks & Spencer to open stores at Express Avenue, Chennai

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    Two more retailers – and – will soon open their outlets at , Chennai, the Express Infrastructure-promoted mall. While the store will have an area of 85,000 sq.ft, the Marks & Spencer will be spread over 22,000 sq.ft area. The rental model with the two retailers is minimum guarantee or revenue sharing, whichever is higher.

    Recently, , promoted by Dubai-based , opened its second store in the mall. The outlet is spread over an area of 80,000 sq.ft across three floors of the mall.

    “The rental model with Lifestyle International is minimum guarantee or revenue sharing percentage, whichever is higher,” said Dheeraj Dogra, chief marketing officer, Express Avenue.

    The Express Avenue mall is approximately 90 per cent leased out, Dogra informed.

    The seven-storey Express Avenue mall has been constructed at a cost of Rs.750 crore and the total area of the mall, including the parking space, is 1.5 million sq.ft. The other anchors of the mall include Max Lifestyle, , Hamleys, Funcity, Cinemas, , , etc.

    — IndiaRetailing Bureau