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Operator: Good day, everyone, and welcome to the Direct Digital Holdings Fourth Quarter and Full Year 2023 Earnings Call. Today's call is being recorded.
Experts predict that an upgrade in infrastructure and an increase in leisure travel will drive growth in highway retail. Brands such as Tata Croma, Starbucks, and Uniqlo have already opened or are planning to open stores on highways. Developers are also investing in highway retail, with projects such as a 500,000 sq ft mall on the Mumbai-Nashik highway and a 1.5 million sq ft retail space on the Chandigarh highway.
Tata Trent has leased 1.13 lakh sq ft of warehousing space at Galaxy Hubco, a warehousing project in Talwada, near Vapi, Gujarat by Arete Group, a business conglomerate based in Gujarat. The lease agreement is for 15-year, showcasing the long-term commitment. Established in 1990, Arête group is a diversified business conglomerate with a significant presence in segments like industrial parks, real estate, retail, hospitality, and investments.
“PIP Aspires To Be Asia’s Ultimate Destination To Set Up Industry” – Siraj Saiyed, Arete Group
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ARETE Group based out of Gujarat, is one of the leading names in the industry with a diversified business conglomerate and a significant presence in a wide array of segments like Industrial Parks, Real Estate, Retail, Hospitality, and Investments