Latest news with #JLL
Hindustan Times
19 hours ago
- Business
- Hindustan Times
Retail leasing up 69% in H1 2025 to 5.7 mn sq ft; Bengaluru, Delhi NCR lead in Q2: JLL report
India's retail real estate sector saw a 69% year-on-year growth in leasing activity during the first half of 2025, where the top seven cities recorded 5.7 million sq ft of retail space leased, a report by JLL said. While Q2 2025 contributed 2.6 million sq. ft. to the total, it was a 15% dip from the 3.1 million sq. ft. leased in Q1, a short-term decline attributed to a lack of new supply during the April-June period. India's retail real estate sector recorded a 69% year-on-year growth in leasing activity in the first half of 2025, with 5.7 million sq. ft. of space leased across the top seven cities, according to a report by JLL. (Picture for representational purposes only)(Pixabay) "Despite this scenario, a 165% YoY growth in new mall supply was noted in H1 2025 as sizeable mall supply across Mumbai, Delhi NCR, and Hyderabad came on the block in the first quarter. Interestingly, the first half of 2025 has already achieved 70% of last year's annual leasing volume, which stood at 8.1 million sq. ft," the report said. Also Read: Apple India leases 8000 sq ft of retail space in Bengaluru for ₹2 crore annual rent as Foxconn facility nears completion Bengaluru and Delhi NCR lead retail leasing Bengaluru (0.67 mn sq ft) and Delhi NCR (0.53 mn sq ft) emerged as the top performers in Q2, contributing a combined 46% of the gross leasing volume. Bengaluru stood out for its strong take-up in the jewellery and home furnishings categories, while food and beverage dominated retail leasing in Delhi NCR. Hyderabad and Mumbai each added 0.51 ms sq ft and 0.49 mn sq ft of leased space, while Chennai and Kolkata saw modest quarter-on-quarter improvements. P Fashion and apparel continued to lead the retail leasing categories, accounting for 33% of gross leasing in Q2, followed by food and beverage at 22%. Notably, jewellery overtook entertainment for the third spot, with a 9% share, leasing 0.23 million sq ft, primarily in South India and the Delhi NCR region. 'This quarter saw a few European jewellery brands entering the Indian market, while indigenous players dominated overall,' said Samantak Das, chief economist and head of research and REIS, India, JLL. Also Read: Retail leasing hits 8.1 million sq ft across eight cities in 2024; Bengaluru tops the list International brands gain ground as India retains global appeal The report stated that domestic retailers held 85% of the market share in Q2, while international brands expanded their footprint with 13 new entrants, seven of which were in the food and beverage segment. These global retailers leased a total of 0.4 million sq. ft. during the quarter. Bengaluru, which alone contributed a quarter of national retail leasing, continues to be a hub for new store launches. "India's strategic appeal is drawing more international players, with foreign brand entries more than doubling year-on-year in H1 2025," said Rahul Arora, senior managing director, Karnataka and Kerala, JLL India. 'Young demographics, rising disposable incomes, and a growing appetite for premium experiences are helping India stand out globally.' Outlook for H2 2025 JLL expects nearly 5.9 million sq. ft. of new retail space to become operational in the second half of 2025, with upcoming malls across Delhi NCR, Bengaluru, Hyderabad, and Pune. "With these new additions to the retail stock, the gross leasing activity is expected to reach new heights and cross the 10 million sq ft annual mark in 2025", it said.
Time of India
a day ago
- Business
- Time of India
Retail leasing in India surges 69% to record 5.7 million sq ft in H1 2025
India's retail sector is witnessing rapid expansion, driven by strong demand from consumers and evolving shopping preferences in urban centres, with both domestic and international brands looking to tap into the rising appetite for organised retail and premium experiences. The top seven Indian markets recorded 5.7 million sq ft of retail space leasing in the first half of 2025, marking a 69% year-on-year jump. This volume is already 70% of the total leasing of 8.1 million sq ft seen in 2024. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Data Analytics others Cybersecurity Product Management Data Science Leadership PGDM Operations Management Technology Project Management Healthcare Finance Management Public Policy Digital Marketing Data Science Degree MCA Others Artificial Intelligence MBA Design Thinking CXO Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details The second quarter (April–June) contributed 2.6 million sq ft, up 17% from the June quarter a year ago, though down 15% from the January–March period. The sequential dip was attributed to limited new supply, with just one mall completed in Hyderabad during the quarter. Still, H1 2025 saw 165% growth in new mall supply, led by additions in Delhi NCR, Mumbai, and Hyderabad. 'While domestic retailers command an 85% market share in Q2 2025, the 15% international presence represents 0.4 million sq ft of prime retail space, with 13 new global entrants, seven in F&B alone,' said Rahul Arora, Head, Office Leasing & Retail Services, Senior MD (Karnataka, Kerala), India, JLL. 'India's strategic positioning, backed by rising affluence and young demographics, continues to attract global brands.' Across key metros, Bengaluru and Delhi NCR dominated with a combined 46% of leasing. While Delhi NCR saw strong uptake by food and beverage players, Bengaluru witnessed steady expansion in jewellery and home furnishings. Hyderabad and Mumbai each saw nearly 0.5 million sq ft of leasing, while Chennai and Kolkata posted marginal increases. Pune remained stable. 'Jewellery overtook entertainment to become the third-largest retail category in Q2 with a 9% share in leasing,' said Samantak Das, Chief Economist and Head of Research & REIS, India, JLL. 'Most demand came from domestic brands in the South, with a few European retailers debuting in Delhi NCR.' Fashion and apparel led with 33% of total leasing, followed by food and beverage at 22%. Entertainment saw a sharp drop from 16% in Q1 to 6% in Q2. The shift in tenant mix reflects evolving consumer spending patterns and brand strategies. With 5.9 million sq ft of new supply scheduled in the second half of the year across Delhi NCR, Bengaluru, Hyderabad, and Pune, 2025's total leasing is poised to cross 10 million sq ft—a new annual high. Retail activity is expected to remain strong through the year-end, underpinned by robust local demand and continued global interest.
Yahoo
2 days ago
- Business
- Yahoo
McDonald's Hong Kong property sale draws investor interest
McDonald's is set to sell eight prime retail properties in Hong Kong, valued at approximately HK$1.2bn ($152.89m), according to JLL, the appointed sole agent for the sale, reported Reuters. Despite the sale, the McDonald's outlets at these locations will continue their operations, as confirmed by JLL's executive director of capital markets, Eunice Tang. In a statement, the fast-food giant highlighted its ongoing review of its property portfolio, which has led to the decision to offer the Hong Kong sites for sale. McDonald's reassured its commitment to the Hong Kong market amidst this strategic assessment. Earlier reports from the Hong Kong Economic Times indicated that McDonald's had plans to divest all of its 23 retail spaces in Hong Kong in phases. The properties are valued at nearly HK$3bn in total. The company aims to maintain its operations at these locations as a tenant, ensuring no disruption to its services in the city. Currently, McDonald's operates approximately 256 restaurants in Hong Kong, with many in rented spaces. The divestment follows a significant transaction in 2017, where McDonald's sold an 80% stake in its mainland China and Hong Kong businesses to a consortium including CITIC and Carlyle Group for up to $2.1bn. However, the properties in question remain under McDonald's ownership. Interested investors have until 16 September 2025, to participate in the public tender for the sale of these eight properties. The properties, secured with long-term leases to McDonald's, are available for individual or portfolio purchase. The move comes at a time when prime street rents in Hong Kong have dropped to levels last seen in 2003, reflecting changes in consumer habits and a challenging environment for retailers leading to numerous store closures. "McDonald's Hong Kong property sale draws investor interest" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
2 days ago
- Business
- Time of India
McDonald's to sell eight Hong Kong retail spaces valued at $153 million: JLL
HONG KONG : McDonald's Corp is planning to sell eight prime retail properties in Hong Kong with a total market value of around HK$1.2 billion ($152.89 million), JLL, which has been appointed as the sole agent of the sale, said on Monday. The McDonald's outlets in the locations will continue to operate, JLL executive director of capital markets Eunice Tang said in a statement. In a separate statement, McDonald's Corp said it continually reviewed its property portfolio and that the Hong Kong sites were available for sale as part of that assessment. The fast-food company, which is headquartered in Chicago, said it remained fully committed to the Hong Kong market. Hong Kong Economic Times reported earlier on Monday McDonald's planned to sell all of its 23 retail spaces - valued at nearly HK$3 billion in total - in batches, but it would continue operating in existing locations as tenants, and the sale would not affect its operations in the city. McDonald's has around 256 restaurants in Hong Kong, the report said, many in rented spaces. In 2017, McDonald's Corp sold an 80% stake in its mainland Chinese and Hong Kong operations to a group that included CITIC Ltd, its investment arm CITIC Capital, and Carlyle Group for up to $2.1 billion. But the assets remain under McDonald's Corp. The sale of the eight retail properties is offered through a public tender that ends on September 16. JLL said it had already received significant interest from a wide pool of potential investors. All the properties are secured with long-term McDonald's leases, and they are available for purchase either individually or as a portfolio, it added. Overall prime street rents in the first quarter have fallen back to 2003 levels, as Hong Kong's retailers battle shifting consumer habits that have led to a wave of store closures.
Yahoo
3 days ago
- Business
- Yahoo
Middlesex County shopping center sold for $40 million
SOUTH PLAINFIELD – The ShopRite-anchored Golden Acres Shopping Center has been sold for $40 million, global real estate firm JLL Capital Markets announced. The 219,848-square-foot shopping center at the intersection of Park and Oak Tree avenues was purchased in a joint venture between Agus Holdings and Treeco. Golden Acres is 83% leased with additional tenants including Shoppers World, Unique Thrift Store and a Wendy's outparcel. The property generates 3.3 million annual visits, ranking it among the most heavily trafficked retail centers in New Jersey, according to JLL. 'We're incredibly excited to acquire a premier ShopRite‑anchored shopping center in the heart of New Jersey and to partner again with our close friends and partners at Treeco,' stated Josh Agus of Agus Holdings. More: Burlington opening Woodbridge store in St. Georges Crossing JLL has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. Brad Wadlow is a staff writer for This article originally appeared on Middlesex County NJ shopping center sold for $40 million Solve the daily Crossword
