Preliminary Results
West Pioneer, which intends to become a leading developer and operator of shopping malls in west and southern India, announces its results for the Year ended 31 March 2008.
Download
The full results are available to view and download in PDF format
Highlights
- Metro Junction commences business with anchor tenants McDonalds and Big Bazaar
- Net Assets of US$71.8m (2007: US$42.6m)
- Appointment of Mr. Nitin Dattani as Executive Director and Mr. Mac Daniels as VP – Mall Management
- Acquired entire land parcels in Aurangabad and Nashik
- Appointment of lead architects for Aurangabad and Nashik
Chairman's statement
Commenting on the results, Amit Jatia, Chairman of West Pioneer Properties, said: “The past year has been transformational for West Pioneer with the opening of our Metro Junction shopping mall in Kalyan. We have moved from solely being a developer of shopping malls to an operator as well. I would like to thank the whole team who worked on Metro Junction for all their efforts in helping get the project into operation. I look forward to building on our success in Kalyan with the Group’s other projects in Aurangabad and Nashik.”