Shop while you work! India’s first mall-cum-peer facility to be launched in this city

According to Anarock Retail, India’s first shopping mall-cum-peer facility adjacent to the airport is expected to be operational in mid-October in Pune.

Located near the Pune airport, Aeromall, being developed by Pebbles Infra-Tech under PPP model with AAI, is spread over 4,45,000 sq ft, which includes 1,30,000 sq ft of leasable space for retail Is.

As the facility’s sole consultant, Anarock Retail designed the complex, managed its development, and structured its tenant mix, said Anarock Retail, the retail services division of home real estate consultant Anarock.

Anarock Retail said that Pune airport is India’s only airport within the city and the only example of co-working and shopping facilities directly from the airport with a multi-level car park.

The post-pandemic revival in air travel has brought back the airport’s retail hub. However, there remains a shortage of quality retail locations at Indian airports for the most suitable retailers dealing in apparel and fashion, wellness, electronics and travel accessories, F&B and beauty products, the company said.

The airport is attractive to retail retailers due to its relatively high ROI compared to other locations. However, a well-researched tenant mix is ​​important in airports, it said.

Stating that Aeromall is scheduled to launch on October 15, Anarock Retail said it expects to complete the Pune airport standalone mixed-use center on lease, which includes shopping, offices and coworking, a food court and multi- Level Car Park (MLCP). 2,50,000 square feet, by the end of the third quarter of 2022.

It added that the entire third floor, which has an area of ​​65,000 square feet, dedicated for coworking/offices, would cater to about 2,000 working professionals at a time.

“Aero Mall is being developed under a PPP model with AAI being developed by Pebbles Infra-Tech Pvt Ltd. Looking at the shopper profile, retail spaces like high-end electronics, apparel and F&B outlets Ideally suited for tenants. And we are letting them rent accordingly,” said Mayank Sharan, Director, Anarock Retail.

Pune Airport along with Lohegaon Air Force Station is a civil enclave operated by the Airports Authority of India, catering to both domestic and international passengers.

Passenger traffic at Pune airport grew 73.4 per cent year-on-year to 37.13 lakh in the last financial year. According to the AAI website, the airport handled a total of 21.37 lakh in FY2011.

A new integrated terminal building is being constructed at Pune airport with a capacity to handle 7 million passengers per year at an investment of Rs 457 crore by AAI.

“Croma, McDonald’s, Starbucks, Spyker, Judeo and cosmetics brand Sugar & Forest Essentials are some of the brands that have already confirmed their positions,” Sharan said. Discussions are also underway with other high-recall anchors such as Decathlon. ,

He added that given the unique location, the remaining locations are being snatched up by other retailers.

Typically, the size of an airport retail space is directly related to the retail category and can range from 500-5000 square feet, according to Anarock Retail.

As an independent development, AeroMall is unique in that it eliminates the usual restrictions of airport retail and provides retailers with a complete shopping mall environment, it said.

Sunil Nahar, Director, Pebbles Infra-Tech Pvt Ltd said, “What makes this mixed use complex at Pune airport unique is that it will serve passengers and is also an independent retail and coworking destination.” Ltd.

The addition of coworking spaces to commercial office spaces responds to a contemporary need. Colleagues gained prominence during the pandemic, but its inclusion on campus is also a function of location profile, he said.

Nahar said remote and hybrid working air travelers are an obvious customer source, but these high-end coworking spaces will also be a major attraction for working professionals from the surrounding areas.

The company also said that Pebbles Infra-Tech and Anarock Retail are in talks with major peer operators to finalize one that will operate the peering center from mid-October.

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