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THE SUCCESS CODE

LEASING

Presented by: Rajneesh Mahajan VP Leasing Inorbit Malls (I) Pvt. Ltd. 13th May 2011

Outline
Guiding principles The Role of a leasing manager Identifying the customer Trade and tenant planning Retaining relevance Placement of retail components Commercial customization

GUIDING PRINCIPLES

Leasing professional is not the target audience

No customer walks the whole mall

Locate to maximize sales, rent will follow

THE ROLE OF LEASING MANAGER

Perspectives
DEVELOPER PERSPECTIVE

LEASING MANAGER
CUSTOMER PERSPECTIVE RETAILER PERSPECTIVE

Balancing act
DEVELOPER PERSPECTIVE

DEVELOPMENT PERSPECTIVE
CUSTOMER PERSPECTIVE RETAILER PERSPECTIVE

The role

WHO IS THE CUSTOMER?

Identify the customer

Target audience

Characteristics
STUDENT POPULATION

TRENDY

LOW DISPOSABLE INCOME

FASHION CONSCIOUS

VARIETY AS THE SPICE OF LIFE IMPULSIVE ENTERTRAINMENT AVENUES

TRADE & TENANT PLANNING

Positioning LUXURY PREMIUM LUXURY PREMIUM MID MID


VOLUMES

PREMIUM LUXURY MID PREMIUM MID MASS

PRICING

ANCHOR INLINE RATIOS

Category allocation

APPAREL

NON - APPAREL

F&B

Sub category selection


WOMEN WEAR

ETHNIC

WESTERN

Saris

Suits

Regional

Formal

Casual

Party

Premium Work & Home Occasion Mid Mass

Premium Mid Mass

Sub category selection


WOMEN WEAR

ETHNIC WIDTH

WESTERN

Saris

Suits

Regional

Formal

Casual

Party

Work & Home

Occasion

Premium Mid Mass

D E P T H

Premium Mid Mass

PLACEMENT OF RETAIL COMPONENTS

HORIZONTAL SLICING
Second First Multiplex Hyperma rket

Zoning
F&B Foodcourt Books Departm ent Store FEC

Electronics

Fashion Accessories

VERTICAL SLICING
Second First Department Store Hyperma rket

Ground

Hyperma rket

Footwear

Ethnic Wear

Unisex Fashion

Jewellery Kids Wear Denims

Fashion Accessories

Formal Wear Caf

Watches

Departm ent Store

Unisex Fashion

Formal Wear

Ethnic Wear

Electronics

Kids Wear

Footwear

Denims

Foodcourt

Multiplex Department Store

F&B

Ground

Jewellery

Watches

Caf

CUSTOMIZATION

COMMERCIAL

Built to suit
INTRODUCTION GROWTH MATURITY REINVENTION

S A L E S

TIME

RELEVANCE

RETAINING

Changing priorities

Great looking infrastructure International brands Millions of footfall Good rental deals

Measuring Success

Higher conversion rate

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