×
1 751
Fashion Jobs
DAVID JONES
IT Test Manager
Permanent · Melbourne
DAVID JONES
IT Infrastructure Specialist- Country Road Group
Permanent · Melbourne
FUSION SPRINGBOARD
Junior Merchandise Planner And Allocator
Permanent · Melbourne
DAVID JONES
Country Road - Cluster Manager - Pacific Fair - Qld
Permanent · Gold Coast
DAVID JONES
Project Manager- Country Road Group
Permanent · Melbourne
DAVID JONES
Merchandise Planner- Country Road Childrenswear
Permanent · Melbourne
PUMA
Field Account Manager Sports Licensing
Permanent · Moorabbin
DAVID JONES
Visual Merchandising Manager - David Jones Doncaster
Permanent · East Melbourne
DAVID JONES
Assistant Visual Merchandising Manager - David Jones Chadstone
Permanent · Melbourne
DAVID JONES
People Business Partner
Permanent · Melbourne
ON RUNNING
Warehouse Specialist / Supervisor
Permanent · MELBOURNE
DAVID JONES
CRM Email Developer - Country Road
Permanent · Melbourne
DANGERFIELD
Dangerfield Area Manager
Permanent · Perth
FUSION SPRINGBOARD
Group Finance Manager
Permanent · Melbourne
DAVID JONES
Supply Chain Analyst- Country Road Group
Permanent · Melbourne
ESTEE LAUDER
Mac - Cosmetic Consultant - Wollongong/Shellharbour - Part Time
Permanent · South Coast
JUST JEANS
Regional Manager - Just Jeans
Permanent · Christchurch
FUSION SPRINGBOARD
Area Manager - Vic
Permanent · Melbourne
JD SPORTS
Assistant Warehouse Manager (Afternoon Shift)
Permanent · Homebush
JD SPORTS
Area Manager - Qld
Permanent · Brisbane
DOTTI
Product Supply Coordinator - Dotti
Permanent · Melbourne
DAVID JONES
E-Commerce Specialist- Witchery
Permanent · Melbourne
By
Reuters
Published
Aug 5, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

India's DLF mulls auction bid for New Delhi mall with base price of $366m - sources

By
Reuters
Published
Aug 5, 2022

India's biggest real estate developer DLF is evaluating a bid for a prominent New Delhi shopping mall that has a starting auction price of $366 million, according to two sources and a public notice seen by Reuters.


Reuters



The 1.2 million square feet Ambience Mall in the upscale southern district of India's capital has been put up for auction as its current owner, the Ambience Group, has not paid a debt of $149 million to Indiabulls Housing Finance and other creditors, according to a previously unreported public auction notice.

DLF will review data related to the mall's occupancy status and contractual obligations and then consider whether to bid for it or not, one of the sources with direct knowledge said.

DLF declined to comment. A director of Ambience Group, Aman Gehlot, also declined to comment on the notice or auction process.

The Ambience mall houses prominent brands like Swedish fashion retailer H&M and Uniqlo, owned by Japan's Fast Retailing. It is located right next to two other giant DLF malls on the same stretch, including one that houses luxury brands.

"It's a very well-located asset. It's become a destination in itself because of other malls around it. It's a bouquet of brands together," said the second source who declined to be named.

The Ambience Group's website states it has interest in residential and office real estate, as well as shopping malls and hotels.

A public notice stated the auction will end on September 5 and that the reserve price for the mall was INR29 billion ($366 million). It was not immediately clear when the auction began.

An Indiabulls executive involved in the auction process told Reuters two companies had expressed interest in the mall already, but declined to share their names.

© Thomson Reuters 2022 All rights reserved.