Page 2 - Phoenix Mills
Phoenix Mills doesn't see itself returning to normalcy before FY22
Firm is readying a war chest to pay back debt or buy new properties
 "Phoenix Mills doesn't see itself returning to normalcy before FY22")
Post lockdown, Phoenix launches Rs 1,000-cr shopping mall in Lucknow
Spread over an area of 13.5 acres, Phoenix Palassio has a built-up area of a million sq ft and will house 300 stores
 "Post lockdown, Phoenix launches Rs 1,000-cr shopping mall in Lucknow")
Extended lockdown, slow recovery to dent Phoenix Mills' revenues
35% correction and long-term growth plans keep brokerages positive
 "Extended lockdown, slow recovery to dent Phoenix Mills' revenues")
Who owns what: Portfolio of developers who could bear brunt of lockdown
Office property segment is expected to fare better compared with others, though new leasing is expected to come down sharply. Hotels are also expected to see sharp drop in revenues.
 "Who owns what: Portfolio of developers who could bear brunt of lockdown")
Phoenix Mills seems to be firing on all cylinders; investors rejoice
Its crown jewels - High Street Phoenix and Palladium - clocked an average trading density of Rs 3,620 per sq ft per month last quarter
Stock picks from HDFC Securities: Buy Gujarat Gas, Phoenix Mills
Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.
 "Stock picks from HDFC Securities: Buy Gujarat Gas, Phoenix Mills")
Sobha, Indiabulls Real Estate gain up to 5% as FM hints at booster dose
The real estate sector has been struggling for the last three years and has not revived since demonetisation and the introduction of good and services tax (GST).
 "Sobha, Indiabulls Real Estate gain up to 5% as FM hints at booster dose")
Mall rentals, consumption push Phoenix Mills' consolidated Q1 PAT up by 40%
Q1 retail rental income up by 15% at Rs 2.4 billion; mixed performance in hotel vertical
 "Mall rentals, consumption push Phoenix Mills' consolidated Q1 PAT up by 40%")
Phoenix Mills to double mall portfolio
Recently, Phoenix Mills bought an under-construction mall in Indore's MR 10 area for Rs 235 crore
 "Phoenix Mills to double mall portfolio")
Phoenix Mills buys Indore mall for Rs 235 cr
The mall was bought in an auction conducted by JM Financial Asset Reconstruction Company
CPPIB, Phoenix Mills form investment platform
CPPIB will initially own 30% of the platform with an equity commitment of around Rs 724 crore
 "CPPIB, Phoenix Mills form investment platform")
Phoenix Mills looks to sell stakes in two malls
Likely to use the proceeds to develop new malls as well as acquire new properties
 "Phoenix Mills looks to sell stakes in two malls")
