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Nexus Select pushes food, entertainment space
Mint Mumbai
|November 18, 2023
Nexus Select, a retail real estate investment trust (Reit) with 17 premium malls across India, plans to allocate more space to restaurants and entertainment zones over the next three years, catering to a growing demand for dining out and leisure experiences.
The move aligns with the evolving retail landscape, where consumers are prioritizing experiences over purchases of goods, especially post-covid.
The resurgence of large-scale movie releases and the easing of pandemic-related restrictions have drawn consumers back to malls, prompting Nexus Select to anticipate a 25% contribution from food and entertainment to its business in the next three years, up from 18% now.
Denne historien er fra November 18, 2023-utgaven av Mint Mumbai.
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