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Fashion Jobs
SHISEIDO
Assistant Manager - Demand And Operations Planning, Ipsa
Permanent · Hong Kong
PUMA
Garment Technician
Permanent · Hong Kong
PUMA
Garment Technician Apparel
Permanent · Hong Kong
PUMA
Senior Manager Technical Material Apparel
Permanent · Hong Kong
PUMA
Senior Garment Technician
Permanent · Hong Kong
PUMA
Business Operation Executive
Permanent · Hong Kong
SHISEIDO
Manager - Retail Experience And Operations, Nars
Permanent · Hong Kong
SHISEIDO
Manager - Marketing, Shiseido Fragrance Division And dg Beauty
Permanent · Hong Kong
AESOP
Retail Consultant | Hong Kong And Macau
Permanent · Central
SHISEIDO
Contract Accounting Officer, Finance And Accounts
Permanent · Hong Kong
SHISEIDO
Senior Manager, Finance And Accounts
Permanent · Hong Kong
SHISEIDO
Senior Officer - Sales And Operations Planning, Ipsa
Permanent · Hong Kong
SHISEIDO
System Analyst (Ecommerce & Integration), Information And Technology Transformation
Permanent · Hong Kong
PUMA
Junior Developer Fabric Apparel
Permanent · Hong Kong
PUMA
Junior Garment Technician (6 Months Contract)
Fixed-term · Hong Kong
SHISEIDO
Senior Officer - Sales & Operations, Shiseido And Drunk Elephant
Permanent · Hong Kong
PUMA
Assistant Manager Product Compliance
Permanent · Hong Kong
SHISEIDO
Senior Officer - Trade Marketing, Retail Experience And Education
Permanent · Hong Kong
SHISEIDO
Senior Officer - Marketing, Shiseido Fragrance Division And dg Beauty
Permanent · Hong Kong
SHISEIDO
Officer - Retail Experience & Operations, Nars And Bare Minerals
Permanent · Hong Kong
GUSTO LUXE (FORMERLY REUTER COMMUNICATIONS)
PR Intern
Internship · 香港
PUMA
Executive, Merchandising
Permanent · Hong Kong
By
Reuters
Published
Aug 5, 2022
Reading time
2 minutes
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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.

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