Virtuous Retail

Virtuous Retail is an institutionally owned developer and operator of shopping centres. Established in 2007, Virtuous Retail is a joint venture between Singapore-based Xander Group and the Dutch institutional investor APG. Its India chapter is based out of Bangalore.[1]

Virtuous Retail
Private company
IndustryReal estate
Founded2007
HeadquartersBangalore, India
Key people
Siddharth Yog,
Founder and Chairman
ProductsCommercial offices
Shopping malls
Hotels
Hospitality
Retail
Websitewww.virtuousretail.com

The company currently owns and manages six shopping centres in India: VR Bengaluru, VR Chennai, VR Punjab, VR Surat, VR Ambarsar and VR Nagpur. In September 2019, Virtuous Retail announced the acquisition of three more shopping centres, Bangalore (Mantri Arena), Delhi and Mumbai, at a combined cost of $500 million[2], including the purchase of a 20-acre land parcel in Thane[3] from Raymond Group for $100 million in October 2019.

See also

VR Chennai
VR Bengaluru

References
  1. "Virtuous enters Delhi real estate". Economic Times. 19 April 2018.
  2. "Virtuous Retail acquires three malls for $500 mn". Live Mint. 24 September 2019.
  3. https://economictimes.indiatimes.com/industry/services/property-/-cstruction/xanders-virtuous-retail-buys-20-acre-raymond-land-parcel-in-thane-for-over-rs-710-crore/articleshow/71499359.cms?from=mdr
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.