Forum mall, Kolkata, has renewed the leasing agreement of the mall as their leasing tenure with many retailers has expired after nine years. The mall has signed up with many new retailers such as Vero Moda, Kazo, Esprit, Swatch, and Raymond Weil. All these will be vanilla retailers at the mall.
The mall is 80 percent leased out and will follow pure rental model with the new retailers, informed Khushboo Saraf, Head, Retail Leasing, Forum Projects.
“Forum has completed nine years and thus our leasing agreement with many of the retailers has expired. As part of the renewed leasing agreement, we have increased the rentals and have signed-up fresh contracts with many other retailers,” said Saraf.
She further added: “We want to bring Forum at the same line as that of Forum Courtyard (the premium section of the mall), that is the reason we are introducing lot of premium brands in Forum mall.”
Located at Elgin Road, Forum mall is promoted by Forum Projects and is touted as the first mall of Kolkata. Gross leasable area of the mall is 2 lakh sq.ft.
-Shubhra Saini
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