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PPZ bags new mall contracts
PPZ bags new mall contracts.Pioneer Property Zone (PPZ), a mall management company, on Tuesday said it bagged the mandate of managing five new properties which include four malls and one commercial building.
Hyderabad: Pioneer Property Zone (PPZ), a mall management company, on Tuesday said it bagged the mandate of managing five new properties which include four malls and one commercial building. The four malls which the company will manage include Virginia Mall and Vega City Mall IN Bengaluru, Mumbai-based Mega Mall and two shopping plazas of Unity Group.
It also received mandate to manage DIL, a LEED certified building with the key USP of high end office infrastructure spread across 0.9 million sq ft. The building, which is located in Thane, will house IT companies, banks, financial companies, etc.
“We are extremely glad to add these assets under our portfolio. As organized retail grows and the market will become more competitive, developers will have to work hard to differentiate and sustain,” said Anand Sundaram, CEO, Pioneer Property Zone. So going forward, these innovative formats will go a long way in determining success of a venture, he added.
