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Aditya Birla Fashion and Retail Limited Chennai Aditya Birla Fashion and Retail Limited Chennai

Aditya Birla Fashion and Retail Limited Chennai

Pravin Joseph • 18/06/2021
Client Aditya Birla Fashion and Retail Ltd (Pantaloons)
Location Adyar, Chennai
Client Type Apparel/ Fashion
Area Transacted 16,800 SF
Broker name Pravin Joseph
Designation Senior Manager
Location Chennai
Existing Relationship Yes

 

About the client

Aditya Birla Fashion and Retail Limited (ABFRL) is an Indian fashion retail company headquartered in Mumbai. ABFRL has a network of 3031+ stores with a presence across ~25,000 multi-brand outlets with 6,500+ point of sales in department stores across India. ABFRL was previously known as Pantaloons Fashion & Retail Limited prior to its acquisition by the Aditya Birla Group.

Transaction Details

Adyar is a very prime & sought-after high street in Chennai and therefore a short-supply market. Aditya Birla Fashion and Retail Limited (ABFRL) was looking out for a property to set up their store in the area. 

Cushman & Wakefield’s Retail team had an ongoing strong relationship with a landlord operating his own showroom at Adyar. The team advised the landlord to lease out the building to ABFRL to secure a steady revenue stream. And in parallel, assisted the landlord to relocate into a smaller sized property as a effective business decision.