AGS Cinemas buys multiplex in Coromandal Plaza at OMR
AGS Cinemas, a Kalpathi Group venture, has acquired the four-screen multiplex at Coromandal Plaza which is being promoted by Mangal Trith and Tarapore & Co.
The Coromandal Plaza, coming up at OMR, Navalur is nearing completion. The civil works are over and the project is moving towards the stage of fitting out lifts, escalators and interior and exterior finishing works.
AGS Cinemas is soon launching its Cineplex (5 screens) at Villivakkam. This theatre was acquired from PVP Ventures. It acquired the Coromandal Multiplex a few weeks ago. Both the deals were done by leading real estate consultants – RECS Group (www.recsgroup.com).
The good news is that AGS Cinemas is gearing up to launch the Coromandal Multiplex in the next 4 months, even if the mall is not fully occupied. It will be a real boost not only for the Coromandal Plaza, but also for all the residential projects coming up in this locality. Now you have one more selling point!