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About Us


Company Profile

Prozone INTU is specialist retail and residential led mixed use real estate developer, harnessing Intu Properties Plc (INTU) experience as UK's largest retail real estate developer combined with Prozone in-depth knowledge of the Indian retail marketplace. The company has a strong balance sheet, a large land bank fully paid, a planned pipeline of projects and a strong domestic execution team.

The business model is to acquire large land parcels at select locations in high growth corridors within city limits. Subsequently design, develop, execute and manage high quality Regional Shopping and Entertainment Centres and on the conjugant land bank to develop and sell mixed-use Residential Townships and Commercial Office Blocks to create new 'city centres' across the rapidly evolving Indian urban landscape.

The overarching plan is to develop long term scarce assets with properties that optimize the intrinsic value of the land with sale of Residential and Commercial units to monetize the land banks facilitating the creation of debt-free retail assets generating annual income over the long term. As India's retail market matures, quality retail real estate assets are expected to develop high yield compression ratios.

Prozone Intu has attracted investments from major institutional investors, notably the Triangle Fund (anchored by Old Mutual Group, South Africa) and the Lewis Trust Group, UK in its subsidiary Companies.

Prozone Intu set up its first mall in the city of Aurangabad in 2010. The mall remains the dominant player in the Marathwada region making it an established asset with a strong tenant-mix. The mall which is more than 700,000 sq. ft. in area boasts of 200+ national & international brands. We recently launched its second mall at Coimbatore which is over 500,000 sq. ft. in area & boasts 150+ national & international brands.

The Company owns six land banks in strategic city locations across the country.

Vision

To become India's leading developer / manager of high quality shopping centers in emerging urban cities pan-India, incorporating mixed-use developments to facilitate the business model.


About Intu Properties Plc

Intu Properties Plc is a UK FTSE-100 listed property company with assets of over GBP 10 billion of which regional mixed-use centers account for over 90 percent of the portfolio. They have over 30 years of experience in developing, owning and managing retail infrastructures. They are the third largest REIT in UK and amongst the top 20 in the world. Intu owned 19 regional shopping Malls amounting to 21 million sq. ft. of retail space. Amongst the centers that Intu own are the prestigious Covent Garden in central London, the Metro center in Newcastle, Lakeside Thurrock, Manchester, Arndale Center etc. All these centers are Mixed-Use Developments more than 400 million customer visits to these centers every year. The centers are positioned as regional Mixed-Use Developments anchored by entertainment, hospitality, shopping, food court, restaurants, cafes, offices, etc.