Virtuous Retail - Revision history

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	'''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 [[Stichting Pensioenfonds ABP\|APG]]. Its India chapter is based out of [[Bangalore]].<ref name="Partnership">{{cite news\|url= https://economictimes.indiatimes.com/industry/services/property-/-cstruction/virtuous-enters-delhi-real-estate-to-invest-up-to-rs-800-crore/articleshow/63834568.cms \| title= Virtuous enters Delhi real estate \| date= 19 April 2018\|newspaper=[[The Economic Times\|Economic Times]]}}</ref>		'''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 [[Stichting Pensioenfonds ABP\|APG]]. Its India chapter is based out of [[Bangalore]].<ref name="Partnership">{{cite news\|url= https://economictimes.indiatimes.com/industry/services/property-/-cstruction/virtuous-enters-delhi-real-estate-to-invest-up-to-rs-800-crore/articleshow/63834568.cms \| title= Virtuous enters Delhi real estate \| date= 19 April 2018\|newspaper=[[The Economic Times\|Economic Times]]}}</ref>

	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,<ref name="Acquisition">{{cite news\|url= https://www.livemint.com/companies/news/virtuous-retail-acquires-three-malls-for-500-mn-1569341549820.html \| title= Virtuous Retail acquires three malls for $500 mn \| date= 24 September 2019\|newspaper=[[Live Mint]]}}</ref> including the purchase of a 20-acre land parcel in Thane<ref>{{Cite news\|last=Babar\|first=Kailash\|title=Xander’s Virtuous Retail Buys 20-acre Raymond land parcel in Thane for over Rs 710 crore\|work=[[The Economic Times]]\|url=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\|access-date=2020-09-29}}</ref> from [[Raymond Group]] for $100 million in October 2019.		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,<ref name="Acquisition">{{cite news\|url= https://www.livemint.com/companies/news/virtuous-retail-acquires-three-malls-for-500-mn-1569341549820.html \| title= Virtuous Retail acquires three malls for $500 mn \| date= 24 September 2019\|newspaper=[[Live Mint]]}}</ref> including the purchase of a 20-acre land parcel in Thane<ref>{{Cite news\|last=Babar\|first=Kailash\|title=Xander’s Virtuous Retail Buys 20-acre Raymond land parcel in Thane for over Rs 710 crore\|work=[[The Economic Times]]\|url=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\|access-date=2020-09-29}}</ref> from [[Raymond Group]] for $100 million in October 2019.

	==See also==		==See also==

	* [[VR Chennai]]		* [[VR Chennai]]
	* [[VR Bengaluru]]		* [[VR Bengaluru]]
			*[[VR Ambarsar]]

	==References==		==References==
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{{short description|Owner of shopping centres}}
{{Use dmy dates|date=December 2019}}
{{Use Indian English|date=December 2019}}
{{Infobox company
| name = Virtuous Retail
| type = [[Private company]]
| foundation = 2007
|location = [[Bangalore]], [[India]]
| key_people = [[Siddharth Yog]], Founder and Chairman
| industry = [[Real estate]]
| products = Commercial offices Shopping malls Hotels Hospitality Retail
| owner =
| revenue =
| assets =
| homepage = {{URL|www.virtuousretail.com}}
}}

'''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 [[Stichting Pensioenfonds ABP|APG]]. Its India chapter is based out of [[Bangalore]].<ref name="Partnership">{{cite news|url= https://economictimes.indiatimes.com/industry/services/property-/-cstruction/virtuous-enters-delhi-real-estate-to-invest-up-to-rs-800-crore/articleshow/63834568.cms | title= Virtuous enters Delhi real estate | date= 19 April 2018|newspaper=[[The Economic Times|Economic Times]]}}</ref>

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,<ref name="Acquisition">{{cite news|url= https://www.livemint.com/companies/news/virtuous-retail-acquires-three-malls-for-500-mn-1569341549820.html | title= Virtuous Retail acquires three malls for $500 mn | date= 24 September 2019|newspaper=[[Live Mint]]}}</ref> including the purchase of a 20-acre land parcel in Thane<ref>{{Cite news|last=Babar|first=Kailash|title=Xander’s Virtuous Retail Buys 20-acre Raymond land parcel in Thane for over Rs 710 crore|work=[[The Economic Times]]|url=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|access-date=2020-09-29}}</ref> from [[Raymond Group]] for $100 million in October 2019.

==See also==

* [[VR Chennai]]
* [[VR Bengaluru]]

==References==
{{reflist}}

==External links==
* [http://www.virtuousretail.com Official website]

[[Category:Companies based in Bangalore]]
[[Category:Real estate companies of India]]
[[Category:Real estate companies established in 2007]]
[[Category:Indian companies established in 2007]]
[[Category:2007 establishments in Karnataka]]

{{India-company-stub}}