Xander Group plunges into India’s retail market.

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19 September 2017 à 13h39

Updated on 10 May 2019 à 17h38

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1 minute

Publication: 19 September 2017 à 13h39, Updated on 10 May 2019 à 17h38

Reading time: 1 minute

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Publication

19 September 2017 à 13h39

Updated on 10 May 2019 à 17h38

Reading time

1 minute

Publication: 19 September 2017 à 13h39, Updated on 10 May 2019 à 17h38

Reading time: 1 minute

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Eager to create lifestyle destinations in India, the global private equity investor Xander Group used its retail arm (Virtuous Retail South Asia) to buy a 185,880 sq.m mall in Chandigarh forUS$108 million. This deal includes a special economic zone in Chennai (for US$350 million) to offer 111,500 sq.m of retail space by early 2018. “Unlike the developed world, there are very few institutional investors in India who have the capability to do this” said Founder Sid Yog. “It certainly keeps us...

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