Everstone ties up with JLL

JLL to provide retail property management services for 4 malls.

Everstone joins hands with Jones Lang LaSalle India for providing retail property management services to four shopping malls at Pune, Kochi, Vadodara and Ahmedabad.

Under this arrangement, Jones Lang LaSalle India will provide end-to-end services - from ensuring optimal year-round occupancy to creating and maintaining a superior retailer and customer experience.
“We are ramping up our business in the real estate domain. Jones Lang LaSalle India will bring in global best practices which should enhance retailer and customer experience and ensure strong mall occupancies.” Says Dhanpal Jhaveri, Partner and CEO - Everstone Capital Advisors.
Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India. "Our Retail Asset Management services platform is a tried and tested vertical globally. It has been specially designed to ensure optimal year-round occupancy and seamless operations - thereby vastly enhancing the overall mall business proposition."
The tie-up for retail property management services will commence from October 1, 2012. Under this unique arrangement, the firm will provide complete leasing services as well as take responsibility for operations, customer experience, marketing, property and financial management, for the following shopping malls having total gross leasable area of 1.91 million sq ft.