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.
— Shubhra Saini