Mumbai based Phoenix Mills Ltd has taken over the full equity and management control of three properties run under a partnership from the Upal group, its JV partner.
President-West, Phoenix Mills Ltd, Rajendra Kalkar said that 15-20 new stores would be added to each of the malls in Lucknow and Bareilly, with many of them making a debut in these cities.
Senior Manager, Phoenix United, Namrata Kapoor said “Most malls in UP are not professionally run. Phoenix has made a mark in the real estate as well as mall sector, and its properties stand out from the others in cities where it is present. We will be doing the same in Lucknow and Bareilly”.
Read more: Economic Times
