 "shopping mall, mall")
Private equity (PE) firms such as Blackstone, Xander-APG and others are placing bets on malls in tier-II cities due to increased demand from retailers for good quality spaces in such cities, which are scarce.
US-based Blackstone has bought malls such as AlphaOne Mall in Ahmedabad, Elante Mall in Chandigarh and Treasure Island Mall in Indore. It also owns a 50 per cent stake in a Pune mall.
Half of its eight malls bought are in tier-II cities. According to sources, it is exploring new opportunities in tier-II cities in the northern and sourthern part of the country. In
US-based Blackstone has bought malls such as AlphaOne Mall in Ahmedabad, Elante Mall in Chandigarh and Treasure Island Mall in Indore. It also owns a 50 per cent stake in a Pune mall.
Half of its eight malls bought are in tier-II cities. According to sources, it is exploring new opportunities in tier-II cities in the northern and sourthern part of the country. In
