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Dutch pension fund APG, Xander to invest $450 million in Indian retail

Reuters  |  MUMBAI 

By Aditi ShahMUMBAI (Reuters) - Dutch pension fund APG Asset Management and investment firm The Xander Group, backed by the Rothschild family, are co-investing $450 million in retail assets in India, boosting their combined investments in the Indian real estate market. In a statement on Friday, the two firms said they have bought three shopping centres in the country for $300 million. The remaining $150 million will be used to buy, or build new retail real estate assets.APG is investing 77 percent of the funds, Xander the rest. In 2014, the two parties formed a $300 million venture aimed at ...

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First Published: Fri, November 04 2016. 16:07 IST