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VIRTUOUS RETAIL
India must leverage its digital verification architecture to evolve into a trust-based economyIndia faces a low-trust economy with high friction, exemplified by complex KYC norms. Finance Minister Nirmala Sitharaman highlighted this ...- Is the Indian middle class dream over? Saurabh Mukherjea on the 3 forces crushing your futureIndia's middle class is in deep trouble. Education no longer guarantees prosperity. Jobs are disappearing, especially in IT. Wages are not ...
- Virtuous Retail in talks to sell malls for about $500 millionThe retail company, a joint venture between Singapore's private equity firm Xander Group and Dutch institutional investor APG, runs half-do...
- Shopping mall owners to build new projects; looking for acquisition despite COVID-19In a panel discussion on retail sector organized by Naredco, senior officials of DLF, Phoenix, Nexus Malls and Virtuous Retail said sales i...
- Pankaj Renjhen Joins ANAROCK as COO & Jt. MD - ANAROCK RetailBefore joining ANAROCK, Pankaj Renjhen was COO at Virtuous Retail, where he was responsible for operations, leasing, finance & accounts, ma...
- Mall operators hurting, but divided over rental waiversLarge operators of malls such as Xander-backed Virtuous Retail, Select Group, Phoenix Group and Blackstone-backed Nexus have not waived ren...
- Tata Realty exits two non-strategic assets for Rs 700 crThe Tata Group company has sold these malls to private equity firm Xander Group’ retail arm Virtuous Retail for around Rs 700 crore, said t...
- Xander’s Virtuous Retail Buys 20-acre Raymond land parcel in Thane for over Rs 710 croreVirtuous Retail South Asia is looking to invest additional $240 million or over Rs 1,700 crore to develop the site, taking its total invest...
- Virtuous retail in talks to acquire 2 malls from TatasTRIL will be exiting the two mall properties, totaling 1.15 million square feet, in Amritsar and Nagpur. TRIL owns 90% stake in these asset...
- Dutch fund-backed company acquires stake in north Delhi Metro mallVirtuous Retail is a joint venture between Singapore-based Xander Group and the Dutch institutional investor. Its India Chapter is based in...
- Virtuous enters Delhi real estate, to invest up to Rs 800 croreIn a first round of funding it has invested about Rs 350 crore while total investment would go up to Rs 800 crore, two people familiar with...
- Xander-backed Virtuous Retail raises $175 million new equity from APGThe new equity raise augments the existing growth capital commitment the founding partners made in late 2016.
- Retail realty back on PE radar with investment over $724 million in the first nine months of 2017This investment includes all types of investment such as platform and entity-level deals as also acquiring stakes in leading malls across c...
- Xander's retail arm looks to expand portfolioThe deal for the Mohali mall took place within six months of the creation of the Virtuous Retail South Asia platform worth $450 million wit...
- APG partners with Xander to form $450 million joint venture in retail real estate sectorThe two partners will have equal representation on the board of the new company which will be chaired by Sid Yog, the founder of Virtuous R...
- Xander Group plans to lap up more realty in IndiaThe Xander Group is looking to scoop up more across the retail, commercial and residential segments, the founder of the global investment f...
- Xander Group's Virtuous Retail looking to rope in strategic investors into its retail realty asset platformXander’s retail dedicated fund, which has invested over Rs 2,000 crore into this venture, has three years before it expires in May 2018.
- Bata, Fabindia & Evok going for the plan to cash in on online shopping crazeThe move comes at a time when a burgeoning number of Indian consumers are shifting a good part of their shopping to e-commerce players.
- Virtuous Retail to invest $160 million in GujaratVirtuous Retail sponsored by the Xander Group Inc, today said it is investing $160 million in Gujarat in retail space.
- Xander Group to invest $600 mn to develop about 12 malls in IndiaGlobal investment firm Xander Group will pump in $ 600 million (about Rs 3,300 crore) to develop and operate about 12 luxury shopping malls...
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