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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Posted by Anne-Birte Stensgaard, Senior News Editor
