JLL to manage Everstone malls

Everstone has appointed property consultant Jones Lang LaSalle India to provide retail property management services for its four shopping malls at Pune, Kochi, Vadodara and Ahmedabad.

“This tie-up is a benchmark on the real estate market, as it is the first time that a private equity fund has entrusted its entire shopping centre management portfolio to a real estate consulting firm in India,” says Anuj Puri, chairman and country head, JLL India.

JLL will provide end-to-end services – from ensuring year-round occupancy to creating and maintaining retailer and customer experiences.

“We are ramping up our business in the real estate domain. Jones Lang LaSalle will bring in global best practices which should enhance retailer and customer experience and ensure strong mall occupancies.” says Dhanpal Jhaveri, partner and CEO of Everstone Capital Advisors.

The deal covers the shopping malls Amanora Town Centre in Pune, Centre Square in Kochi, Centre Square in Vadodara and Gulmohar Park in Ahmedabad.

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