Chandigarh Elante Mall Renamed ‘Nexus Elante Mall’, An unforgettable shopping experience came to The Beautiful City of Chandigarh with Elante. A world class shopping experience, which caters to the needs of everyone in the Tricity and beyond. At Elante, #BetterRealised are the experiential events which are now curated keeping in mind the taste and preferences of the patrons. With activities like The Soul Stage, Courtyard activations and new age media to engage with those in the mall, Elante will continue to remain the most preferred destination in its region.
Spread across 20 acres, Elante is the largest mall in Chandigarh. Developed to perfection, the mall is well equipped to cater business, shopping and entertainment needs of the city.It has three distinct facilities which includes the mall, office complex and Hyatt Regency. With over 200 premium International and Indian brands, the mall offers its patrons an ultimate shopping experience. PVR Cinemas with its seven screens offers a wonderful movie experience of the latest Bollywood and Hollywood films. Funcity increases the amusement quotient of the mall experience for kids.
Elante Mall, located at Chandigarh, is part of Nexus Group of Malls. Nexus Malls is the India’s retail portfolio of world’s leading investment firm The Blackstone Group. Being the the largest mall in Chandigarh by the dint of having over 1.5 Million Sq. ft. of area, Elante is one of the hottest cultural hubs of the city. It is a first-of-its-kind development that is equipped to cater to Business. Stay & Entertainment for the masses and the classes in & around the city. Styled to, perfection, Elante houses three distinct facilities which includes a Mall, an Office Complex & Hyatt Regency Hotel with a central courtyard connecting all three. Not surprisingly, it was trading over 98% occupancy within a month of its launch.
ABOUT THE ELANTE MALL & COMPLEX
Spread across 20 acres, Elante Mall complex is located in ‘The City Beautiful’, Chandigarh. It consists of three distinct facilities which include the Elante Mall, Elante Office Complex & Hyatt Regency with a central courtyard enhancing their appeal. Elante, with its retail space of over 1.1 million Sq. Ft, is the largest mall in Chandigarh. The retail space houses over 235 premium national and international brands which includes hypermarket, department stores, fashion and designer brands, multiplex, toy store, Sports Bar, Bowling Alley, Entertainment Zone and a host of Food & Beverage Options, many of which have been introduced for the first time in the region.
Elante Mall, Chandigarh biggest shopping destination sold to Blackstone. Global investment firm Black stone has finalised the deal with Carnival Group for Elante Mall (Chandigarh), though amount remains undisclosed. Earlier Larsen and Toubro (L&T) Mall owner and creator sold Elante Mall to Carnival group for a record amount of Rs 1785 Crore in 2015. Mall is sold for the second time in two years. This top league deal has made real estate history in India by striking one of the biggest single asset real estate deal in the country.
Elante, Chandigarh is the biggest mall in the northern region excluding NCR. Mall is spread over 1.2 million sq ft of retail space with 235 outlets selling major brands. Elante Mall attracts thousand of shoppers daily to its retail space offering various International and domestic Brands, multiplex, food court.
Elante Mall (Chandigarh) now with Blackstone Chandigarh Elante MallI Renamed Nexus Elante Mall
Nexus Malls fully owned subsidiary of US-based global investment firm Blackstone Group will now own and manage this property. Blackstone has bought Chandigarh’s largest shopping destination for a whopping amount which has set records. Blackstone is now the new owner of Elante Mall. Nexus Mall has an objective of managing Elante Mall with a focus on identifying, evaluating and adding value to the asset. The company will implement the state of the art technology in all India Malls by bringing professional Mall management in India.
Sources disclose that Carnival Group had an objective to book profit, thus they must have sold Elante Mall to Blackstone for a whopping amount of over Rs 2000 crore. Elante Mall, Chandigarh has retail space and office premises spread over 1.5 million sq ft and a luxury hotel, Hyatt. The rental depends upon the size, location and floor of the space available, though average rental at Elante Mall is around Rs 150 per square feet.
Nexus Malls In India Chandigarh Elante MallI Renamed Nexus Elante Mall
Nexus Mall owns a total of seven assets in the country which is approximately 4.5 million sq ft of retail space. Nexus Mall has a huge portfolio including various malls in its list-Elante Mall (Chandigarh), Ahmedabad One (Ahmedabad), Mall of Amritsar (Amritsar), Seawoods Grand Central Mall (Mumbai). Nexus Mall has 70 percent stake in Treasure Island Next (Indore), 50 percent stake in Treasure Island (Indore) and Westend Mall (Pune). Global investment company claims that monthly sales of these seven malls are around Rs 750-800 crore. Virtuous Retail South Asia (VRSA), developer of lifestyle shopping store, acquired the 2 million-sq ft North Country Mall in Kharar for Rs 700 crore from Sun Apollo-Gumberg.
