Future Group to lease retail space to its competitors

The Future Group is closing in on an agreement to lease close to 20 million sq ft of retail space in the eastern city of Kolkata to other retailers, including some of its top rivals, such as Reliance Retail, Trent, Lifestyle and Shoppers’ Stop. Future will be adding approximately 15 million sq ft of space by 2010 and will then by then have 56 malls. The complete project is being looked after by Future Group's asset management company, Kshitij Investment Advisory.