|Client||Aditya Birla Fashion and Retail Ltd (Pantaloons)|
|Client Type||Apparel/ Fashion|
|Area Transacted||16,800 SF|
|Broker name||Pravin Joseph|
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.
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.