| The Nuance Group, in a joint venture with leading Indian retailer Shoppers' Stop, will start to operate at Bangalore Airport in April 2008, reports immo-news.net. This is the first concession in India to be operated by The Nuance Group, who has defined India as one of its key strategic markets for expansion.
Bangalore Airport has awarded the concession to operate retail at both the international and domestic terminals to the consortia between the two companies. The international retail will be managed by a joint venture company by The Nuance Group AG and Shoppers' Stop Ltd., whereas Shoppers' Stop will handle retail in the domestic part, supported by The Nuance Group through a technical management agreement. The two contracts together cover retail space of appr. 3'200 sqm and are valid for 5 years.
For complete report visit http://www.immo-news.net
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