Freeport Retail: Leading Developers and Operators of Outlet Centres

Benu Seghal,  CEOThe world is stepping forward in bridging the gap between gender bias in organizations. This is one of the biggest steps taken towards lifting the status of women who were considered as physically as well as psycho logically inferior to their counterparts and were subjected to many social and religious stigmas.

Over the years, society has witnessed a sudden upsurge in women entrepreneurship. They have actively indulged themselves in the socio-economic, commerce and trade realms, proving the nation that they are capable of leading organizations. Even with all this a woman establishing herself in a recognizable position is not easy. They are undertaking multifarious risks, addressing challenges and tackling barriers to launch themselves as propitious businesswomen and generate worthy solutions. A successful businesswoman and leader, BenuSehgal is one such established woman who has been at the forefront in establishing Freeport Retail India an exclusive greenfield venture by Freeport Retail UK to develop and operate Freeport branded outlet malls in India.

The company is co founded by Harsh Mehendiratta & RajKumar Ramrakhiyani who comes with robust expertise in the

operational management and asset management industry. They ventured this brand to act as an investor, asset manager and operator of retail centres. The Freeport brand is well established in Europe and more recently in South East Asia and India. It is known for its expertise in developing, leasing, owning and operating more than 15 outlet centers and 1000+ stores since its foundation in 1994. The Indian subsidiary of the brand was conceptualized in 2018.

Freeport Retail is known for its expertise in developing, leasing, owning and operating more than 15 outlet centres and 1000+ stores since its inception

The company acts as an asset manager and operator of a portfolio of European outlet centers and as a provider of development and management consultancy services to third party investors and developers.Freeport's knowledge and expertise have been gained from the management team's long involvement in the retail, property and leisure sectors across Europe. The operation process of Freeport starts with a business plan that gathers key data on catchments, customers and local retail & brand strategies. It evaluates the commercial strategies, the investor targets and develops the optimal positioning for the proposed outlet. “It is our guide to action, maximizing long term profit and ensuring all team members understand the goal. Operational Management & Property Development & Asset Investment is our core values,”says Benu.

Freeport has achieved a full listing on the London Stock Exchange in July 1994 and was named UK Property Company of the Year in 1999. In 2011 it was established as a management company to provide outlet development, asset management, and operations expertise to the Freeport outlets and to third party investors and developers. Freeport’s projects include Freeport Afamosa in Malaysia, opened in November 2015 The Village, Ville fontaine, opened April 4th, 2018. More projects are in the pipeline.

Scaling up to heights, the company presents an opportunity to develop prime designer outlet villages. Freeport India will be expanding the presence in locations such as Bengaluru, Chandigarh(TriCity), Hyderabad, Mumbai and others in the upcoming years.