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Thursday, November 26 - 2009

Colliers International to advise Indian retail real estate market

  • United Arab Emirates: Wednesday, November 08 - 2006 at 14:06
  • PRESS RELEASE

Colliers International, one of the top three global property service consultants, has been appointed by India's leading real-estate developer, DLF Ltd., to offer retail development consultancy on its flagship shopping centres, Mumbai Mall and Mall Of India.

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  • Mall Of India.
    Mall Of India.
The move officially marks Colliers International's entry into the Indian retail real estate market, which is predicted to experience double digit growth with more than 300 shopping centres expected to come on line by 2010.

John Davis, CEO, Colliers International - Middle East, said:

"We see the expansion of our retail consultancy services into the Indian market as a natural progression. Our association with a high-profile organisation such as DLF will add significant dimension to our capabilities throughout the sub-continent."


Touted as the largest retail complex in India and one of the biggest in the world, Mall of India, located in Gurgaon, part of the National Capital Region (NCR), boasts approximately four million square feet of leaseable space, and will be a landmark development in the evolution of the Indian retail market, expected to value US$17 billion by 2010.

Mumbai Mall is being developed on site of approximately 17 acres in Central Mumbai and is earmarked as the next generation of 'shoppertainment' complexes in India.

"0ur appointment as retail consultants on DLF's retail projects clearly demonstrates the confidence placed in our services. The alliance will also provide us with a solid springboard to launch ourselves in the booming Indian retail real estate market," said Davis.

Over the past five years, Colliers International has established its identity in the Middle East as a dominant independent retail consultancy company having undertaken over 33.5 million square feet of retail consultancy in the UAE, Saudi Arabia, Kuwait, Oman, Sudan and Iran.

The company is currently engaged in over 11 million square feet of retail consultancy, leasing and management throughout the region including several high profile developments such as the world's largest shopping centre, Mall of Arabia in Dubailand, Marina Mall in Abu Dhabi and The Avenues in Kuwait.
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Notes and media contacts

About Colliers International Middle East
Colliers International is a global real estate consultancy company providing a comprehensive range of property services to a broad range of clients on an international basis. Core services include property and asset management; leasing; development consultancy & strategic advisory; feasibility studies; property valuations and international property investment services.

With over 248 offices in 50 countries the firm employs over 11,000 professionals and has a global fee turnover approaching US$ 1 billion p.a. The firm manages over 480 million square feet of property worldwide valued at over US$ 20 billion.

With offices in Abu Dhabi and Dubai the firm carries out real estate advisory services across the MENA region. This has included the leasing, management & provision of advisory services on more than five million square feet of property as well as more than three million square feet of commercial and retail leasing transactions throughout the Gulf since 2000.

Additionally the firm has undertaken property valuations and feasibility studies on real estate projects valued at around US$ 7 billion.

In 2003 Colliers, in conjunction with The National Investor, launched the Emirates Real Estate Fund - first Central Bank approved real estate fund in the UAE and in the same year Colliers also signed a fund management agreement with a UAE bank for a US$ 170 million Islamic compliant UK property fund.

About DLF:
DLF Limited, a pioneer and leader in India's real estate industry has completed projects of over 35 million sq. ft. across its residential, commercial and retail businesses. With over 250 million sq ft of identified/secured projects across the country and 100 million sq ft of on-going projects, DLF will also develop around 100,000 acres of land over the next couple of years, nationally. With a track record spanning six decades in developing most of modern Delhi and DLF City in Gurgaon, the company is now well poised to reinforce its strong national position with significant projects across major cities and urban centres of the country.

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