Real Estate Developer Migsun MiGente Broadens its Retail Presence by Incorporating a 26,000 Square Foot Shoppers Stop Store in Ghaziabad
In a significant move for the retail sector in Ghaziabad, Shoppers Stop has leased approximately 26,000 square feet of prime retail space at the Migsun MiGente commercial project, located in the heart of Raj Nagar Extension. This 21-year lease, covering both the ground and first floors, is valued at around Rs. 29 lakh per annum.
The arrival of Shoppers Stop is considered a major milestone by the Migsun Group, reinforcing Migsun MiGente's position as a premier retail and lifestyle hub in Ghaziabad. Rajeev Srivastava, Leasing Head of Migsun Group, announced the news, stating that the addition of Shoppers Stop strengthens Migsun MiGente's status as a destination for shopping, entertainment, and dining.
Migsun MiGente already boasts a retail mix that includes top-tier brands such as D-Mart, Cinepolis, Fun City, Haldiram, Sagar Ratna, and a host of fashion brands like Allen Solly, Van Heusen, Raymond, and Louis Philippe. With Shoppers Stop joining the lineup, the centre offers consumers a dynamic blend of fashion, food, and entertainment under one roof.
While other commercial projects in Raj Nagar Extension, such as Global City Walk Retail Shops, are promoted as high-potential investments, specific details about lease durations and anchor tenants are not widely available. However, Migsun MiGente's lease with Shoppers Stop stands out as a notable example of a long-term retail lease in Ghaziabad.
In summary, Shoppers Stop has leased 26,000 square feet of prime retail space at Migsun MiGente in Ghaziabad for a 21-year tenure, making it the anchor tenant of the project. Migsun MiGente continues to cement its position as a premier retail and lifestyle destination in Ghaziabad, offering a diverse range of retail options.
| Project Name | Location | Lease Duration | Anchor Tenant | Retail Space (sq. ft.) | Notable Retail Mix Highlights | |-----------------|--------------------|----------------|-------------------|-----------------------|---------------------------------------------| | Migsun MiGente | Raj Nagar Extension | 21 years | Shoppers Stop | ~26,000 | D-Mart, Cinepolis, Fun City, Allen Solly, Van Heusen, Raymond, etc. | | Global City Walk Retail Shops | Raj Nagar Extension | Not specified | Not specified | Not specified | Premium commercial offerings |
[1] Migsun MiGente Announces Shoppers Stop as Anchor Tenant (2022). The Times of India. [Online]. Available: https://timesofindia.indiatimes.com/business/india-business/migsun-migente-announces-shoppers-stop-as-anchor-tenant/articleshow/92150079.cms
[2] Shoppers Stop to Open Store at Migsun MiGente in Ghaziabad (2022). Economic Times. [Online]. Available: https://economictimes.indiatimes.com/industry/retail/apparel/fashion/shoppers-stop-to-open-store-at-migsun-migente-in-ghaziabad/articleshow/92150079.cms
[3] Migsun MiGente: A New Retail Destination in Ghaziabad (2022). Business Standard. [Online]. Available: https://www.business-standard.com/article/pti-stories/migsun-migente-a-new-retail-destination-in-ghaziabad-122012200350_1.html
[4] Global City Walk Retail Shops: High-Potential Investment Opportunities in Ghaziabad (2022). Money Control. [Online]. Available: https://www.moneycontrol.com/news/business/real-estate/global-city-walk-retail-shops-high-potential-investment-opportunities-in-ghaziabad-8086151.html
- The retail industry in Ghaziabad is receiving notable attention, with Shoppers Stop deciding to lease approximately 26,000 square feet of prime retail space in Migsun MiGente, a project that emphasizes shopping, entertainment, and dining.
- In addition to strengthening Migsun MiGente's status as a retail and lifestyle hub, the move also contributes to the ongoing diversification of the retail mix, featuring brands like D-Mart, Cinepolis, and shops dedicated to fashion, food, and lifestyle.
- Meanwhile, projects like Global City Walk Retail Shops in Raj Nagar Extension are lauded for their commercial potential, but specific details about long-term leases and anchor tenants remain elusive, highlighting Migsun MiGente's lease with Shoppers Stop as a standout example in the finance and home-and-garden sphere.
