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West Pioneer Props (WPR)

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Tuesday 28 July, 2009

West Pioneer Props

Kalyan Mall Update

RNS Number : 3580W
West Pioneer Properties Limited
28 July 2009
 



Press Release

28 July 2009


West Pioneer Properties Limited 

('the Company')

Kalyan Mall Update 


Further to the preliminary results announcement on 29 June 2009, the Company is pleased to announce that the 5-screen multiplex cinema at its Kalyan mall opened on 3 July 2009. Initial attendance figures have been extremely positive with over 38,000 people visiting the multiplex since its opening. The lead actor in the opening film, Adhyan Suman, visited the mall following the release of his film, and it is expected that Saif Ali Khan, one of Bollywood's most popular actors, will also visit the mall to coincide with the release of his film.


As a result of the opening of the multiplex, the total football at the mall has been strong, with over 265,000 visitors in the month to date. The Company expects the popularity of the multiplex to continue to be beneficial to the Kalyan mall as a whole and reaffirms the Board's confidence that the mall will be substantially leased by March 2010.


Amit Jatia, Chairman of the Company, commented:

'We have always considered the multiplex a vital element of the success of the Kalyan mall and its recent opening on schedule, following the resolution between the main Bollywood producers and multiplex owners, is an important milestone for West Pioneer.'

-Ends-


For further information:


Evolution Securities


Jeremy Ellis / Chris Clarke

Tel: +44 (0) 20 7071 4300


Media enquiries:

Abchurch Communications


George Parker 

Tel: +44 (0) 20 7398 7719

[email protected]

www.abchurch-group.com 



This information is provided by RNS
The company news service from the London Stock Exchange
 
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