Landmark Leisure plans to invest Rs 1,200 crore in next five years – Feedback

Dubai-based Landmark Group’s entertainment arm Landmark Leisure is planning to invest around Rs 1,200 crore to increase the number of its Fun City entertainment centres to 100 in India over the next 5 years.

At present, the company has 19 Fun City centres in the country. “Landmark Leisure will expand presence of Fun City entertainment centres from current 19 to 100 over in next 5 years in India… Our per store investment will be in the range of 15-20 crore,” Landmark Leisure COO Silvio Liedtke told PTI. Established in 1999 in the Middle East, Fun City runs franchises in nine different countries and India is one of its key markets, Landmark Leisure said in a statement. When asked about the locations the company is looking at for expansion, Liedtke said: “We will be adding more centres in cities such as Mumbai, Delhi-NCR, Chennai, Bengaluru and Hyderabad, where we are already present.”

http://economictimes.indiatimes.com/industry/media/entertainment/landmark-leisure-plans-to-invest-rs-1200-crore-in-next-five-years/articleshow/52223991.cms

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *