The Hindu Business Line : Ampa mall to open in Chennai late next year

Mr Ampa Palaniappan, Managing Director, Ampa Housing Development Pvt Ltd, said that the Rs 50-crore mall project located at the junction of Poonamallee High Road and Nelson Manickam Road, would be spread over three acres.

There would be a total of six lakh sq ft of built-up space, he added.

The company has signed up two anchor stores for the mall - The Spencer's Hypermarket and Westside. The mall will feature over three lakh sq ft of retail space on three floors.

Mr Palaniappan said that the company has signed up with PVR Cinema to provide 50,000 sq ft of viewing space for a seven-screen multiplex.

The company has a partly lease and revenue sharing arrangement with PVR Cinema, he added. The mall will have a food court serving 15-18 different cuisines, three fine dining restaurants, and a coffee shop. There will also be a 20-room boutique hotel.

Provision for the parking of about 1,000 cars has also been made, he said. Entry to the mall would be possible from both the roads. The company has opted to lease out the space rather than go in for outright sale.

The lease rate per sq ft for the anchor store is about Rs 40.

Mr Palaniappan said the company has gone in for the leasing model because the mall is zoned, with specific areas earmarked for various categories. This would not be possible if the space does not belong to the company.

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