9 months ago
South City Mall to get entertainment-led makeover
South City Mall, a big shopping place in Kolkata, is getting a big upgrade.
New owners, Nexus Select Trust, are planning to make it more than just a shopping place.
They want to add lots of fun activities like games, shows, and events.
The mall will get a new look inside and out, with better air systems and a big 3D screen.
They also want to make shopping more fun with special rewards and events.
The mall is already big with lots of stores and a huge food court.
The new owners are spending a lot of money to make it even better.
They think Kolkata is a good place for this because many people want modern shopping places.
South City Mall in Kolkata is undergoing a major transformation into an entertainment and activity hub.
Nexus Select Trust, backed by Blackstone, acquired the mall for Rs 3,250 crore.
The makeover includes a revamped façade, updated interiors, better air circulation, and a giant 3D LED display.
The mall will introduce year-round events and a new loyalty program to engage shoppers.
The transformation is expected to be completed within the next 12-18 months.
- Who
- Nexus Select Trust, South City Mall
- What
- Major makeover and transformation into an entertainment hub
- Where
- Kolkata, India
- When
- Within the next 12-18 months
- Why
- To leverage strong customer base and brand reputation, and to create a one-stop zone for entertainment and activities
Key facts
- Acquisition Value
- Rs 3,250 crore
- Refurbishment Cost
- Rs 15-20 crore
- Annual Marketing Investment
- Rs 3-4 crore
- Mall Size
- 1 million square feet
- Number of Stores
- 150+
- Annual Turnover
- Rs 1,800 crore
- Parking Capacity
- 1,250+ vehicles
Quotes
Jayen Naik
President of Operations at Nexus Select
“Every occasion will become an event”
telegraphindia.com



