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Plaza Centers Group appoints Pioneer Property Zone to manage its 1st mall in India

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Plaza Centers Group appoints Pioneer Property Zone to manage its 1st mall in India - India - developers - appoitment - investment - CEO


In its first ever Indian investment, the Plaza Centers Group has appointed Pioneer Property Zone (PPZ), shopping mall developer and manager, for their upcoming mall Koregaon Park Plaza in Pune, India. Property Zone will implement strategies and look after financial management of the mall for growing the asset performance.



The Plaza Centers Group is touted as an emerging markets developer of shopping and entertainment centres. It has developed and let out around 30 shopping and entertainment centres across the globe. The group is present in countries like Hungary, Poland, the Czech Republic, Greece, Romania, Latvia, Serbia, and Bulgaria. 

Commenting on the appointment, Ashwin Puri, CEO, Pioneer Property Zone, said: “We are extremely happy to work with a global player like Plaza Centers Group. Koregaon Park is a well-known and premium destination in Pune and we strongly believe that Koregaon Park Plaza has potential to be amongst the leading malls in the country.” 

The mall is partially operational with some walk-ins and 80 percent leased out; however, a formal launch is being planned around October 2012 by when the mall is likely to be fully occupied.

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