Nitesh Estates to acquires Plaza Centre Mall in Pune
Bangalore based Real estate developer Nitesh Estates has acquired Plaza Centre Mall owned by Israeli billionaire Mordechai Zisser for Rs 3,000 million. The property is spread over an area covering 1-million-sq-ft in Pune, Maharashtra. Zisser's diversified conglomerate Elbit Imaging Group, through its subsidiary Plaza Centers, operates a global portfolio of 37 retail assets in Central and Eastern Europe and India, under the same brand. Global consultancy firm JLL India was the adviser to the deal for the acquisition of the mall spread over 6.5 acres in Koregoan Park, Pune and also a 100,000-sq-ft commercial space and land for future development.