Vestian Global Workplace Services, a Chicago-based firm, has announced its foray into the retail segment with the launch of Vestian Retail, a one-stop shop, providing real estate services for high-end retailing in India. Committed to providing retail focused solutions, Vestian will offer strategic advisory, transaction advisory and project management, as part of its core service lines.
Shrinivas Rao, CEO, Asia Pacific, Vestian Global, said,“The Indian retail industry is at a very nascent stage. Despite the growth, the retail market is largely fragmented with just over 5 per cent of the total investment coming from organized players. We see this as an opportunity to provide service offerings of a developed market and bring in global expertise for the players here”.
With increased urbanism in India today, retailers are targeting profitable growth through cautious expansion, efficient supply chain management and refined merchandising capabilities. “Vestian Retail see’s a huge opportunity in adding value to clients and in guiding them on the growth trajectory.” said Vestian, retail head, Vivek Nair.
Established in 2010, Vestian Global was set up keeping in mind the contemporary needs of end-users across emerging markets. With the launch of its retail arm in India, Vestian, will provide in-depth market knowledge and qualitative insight oriented research to its clients. The team will bring with it, a global outlook complemented by relevant local experience that is the need of the hour for a dynamic market like India.
– IndiaRetailing Bureau