Big Bazaar starts fit-out at West Pioneer’s
Metro Junction Mall, Kalyan
West Pioneer Properties Limited, a leading developer and operator of shopping centres in west and south India, is delighted to announce that one of its major anchor tenants, Big Bazaar, a member of the Pantaloon Group, has taken occupation of 61,000 sq ft of gross leasable area in the lower ground floor of West Pioneer’s Metro Junction mall in Kalyan in order to commence design and fit-out.
West Pioneer continues to be largely on schedule in terms of budgeting and timing with the Kalyan project. The successful handover of half the lower ground floor to Big Bazaar is a key part of the company's plan of leasing out 500,000 sq ft of gross leasable area under Phase 1.
Commenting on this announcement, Mr. Amit Jatia, Chairman of West Pioneer Properties, said: “We are extremely pleased that Big Bazaar has chosen to open their hypermarket in Kalyan. Big Bazaar has a well earned reputation in India for delivering affordable and quality products which will be perfectly suited for our Metro Junction. I look forward to a successful long lasting mutually beneficial partnership with Big Bazaar in Kalyan."
Mr. Kishore Biyani, Managing Director of the Pantaloon India Limited, of the Future Group, commented: "We are glad to sign the first Leave and License agreement with West Pioneer for their upcoming mall in Kalyan. Metro Junction is a very important and strategic addition to our Group portfolio of Big Bazaar hypermarkets. Metro Junction's unique location as an emerging destination in Kalyan will ensure that the mall will become a popular destination in its own right. We are confident that together with West Pioneer Properties India Limited, we will redefine the meaning of an affordable and quality shopping experience for the people of Kalyan.”
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Notes to Editors
West Pioneer Properties Limited intends to become a leading developer and operator of shopping malls in west and southern India. It was established to pursue opportunities in the rapidly growing organised retail and hotel sectors in India. The Group intends to acquire land in strategic locations in west and southern India, primarily in Tier Two cities. The land will be used to build, own and manage shopping malls, hotels or mixed mall/ hotel complexes.