Thomas Cook is planning to liquidate its land assets across India and has decided to utilize the cash generated from the exercise towards working capital requirements of the company. It owns 32 properties across India comprises of 1,26,000 sq ft of office space, out of which it owns over 60,000 sq ft space in Mumbai and has another 43,000 sq ft in the heart of Delhi.
JLL (Jones Lang LaSalle), a real estate services firm specializing in commercial property management, leasing, and investment management will be helping the firm to monetization of its land assets. The company's South Mumbai property is estimated at about Rs 200-250 crore.
