Blackberrys, an apparel brand for men and women, has recently opened its exclusive brand outlet (EBO) at the Magneto mall in Raipur. The store is spread over an area of 1,700 sq.ft.
The mall has both minimum guarantee and revenue sharing rental model, whichever is higher, with Blackberrys.
The Magneto mall, Raipur, which became operational in February this year, is currently 50 per cent occupied and 70 per cent leased. The 10.35 lakh sq.ft property is constructed by Avinash Developers Pvt Ltd (ADPL).
“The average daily footfall at Magneto is 10,000 – between 6,000-7,000 on weekdays, which increases to 20,000-25,000 on weekends,” said Vishaal Rangwane, manager, Leasing, Magneto.
Some of the key anchor tenants at Magneto are PVR, Westside, Bikano and Maruti Suzuki, while Lee, Flying Machine, Excalibur, Planet Fashion and Ali Bhai are some of its key vanilla retailers.
Rangwane said various other retailers, such as Gini & Jony, Catwalk, Puma, Metro Shoes, Ten Downing Street and Ritu Wears, among others, were ready to open outlets at the mall.
— Shubhra Saini