Plaza Centers India makes CBRE exclusive leasing partner

Retail and real estate company, Plaza Centers today said it has made CB Richard Ellis (CBRE) an exclusive leasing partner for its first retail property in the country—Koregaon Park Plaza, being constructed in Pune.

CBRE is a commercial real estate services firm catering to the commercial real estate needs of its clients world-wide. CBRE as the exclusive leasing partner with Plaza Centers would be responsible for identifying potential tenants, proactively approaching them and concluding the license agreements in accordance with the guidelines provided by Plaza Centers.

"We are very happy to associate with CBRE as our exclusive leasing consultant for Koregaon Park Plaza. CBRE is a global expert in real estate field and understands the nuances of the business," Plaza Centers India Country Head Yossi Ofir said in a statement here.

CBRE would also chalk out a detailed marketing, advertising, leasing and promotional plan for Koregaon Park Plaza. With the mall scheduled to open in the first quarter of 2011, the entire leasing activity would be completed in about 12-months.

Plaza Centers India is a leading developer of shopping and entertainment centers with a global turnover of Euro 1-billion. The company plans to invest over Rs 3,000-crore in the coming years by setting up six new malls across the country in Chennai, Bangalore, Kochi and one more in Pune.