| 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.