 "Deal structuring eased, teething troubles remain")
In what could become the biggest retail property deal so far this year, North Country Mall, a million sq ft one in Chandigarh Tri City, Punjab, has been put on the block by its owners.
The mall is owned by a US-based global real estate developer-cum-investor, JJ Gumberg, and private equity fund Sun Apollo, now being renamed Lapis India Capital, said a source.
They are reportedly in talks with Blackstone, the world's biggest alternative asset mangaer; with Phoenix Mills, largest mall owner in the country, and Virtuous Retail South Asia, a joint venture (JV) between private equity (PE)
The mall is owned by a US-based global real estate developer-cum-investor, JJ Gumberg, and private equity fund Sun Apollo, now being renamed Lapis India Capital, said a source.
They are reportedly in talks with Blackstone, the world's biggest alternative asset mangaer; with Phoenix Mills, largest mall owner in the country, and Virtuous Retail South Asia, a joint venture (JV) between private equity (PE)
