Announced
Completed
Financials
Sources
Tags
shopping malls
Majority
Friendly
Cross Border
India
Private
Diversified Retailers
Single Bidder
Private Equity
Completed
Acquisition
Synopsis
Blackstone Group, a private equity firm, completed the acquisition of Prestige Estates Projects' Offices and shopping mall assets for $1.5bn. “There will be new opportunities in metros and their peripheries too, and tier II towns. We are currently building the brand equity asthis is the opportunity to gain customer confldence, especially when the industry saw almost zerosales in June to a 70-80% recovery now," Dalip Sehgal, Nexus Malls CEO.
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