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Virtuous Retail: Difference between revisions
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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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{{India-company-stub}} | {{India-company-stub}} | ||
Latest revision as of 19:02, 19 October 2021
| Industry | Real estate |
|---|---|
| Founded | 2007 |
| Headquarters | Bangalore, India |
Key people | Siddharth Yog, Founder and Chairman |
| Products | Commercial offices Shopping malls Hotels Hospitality Retail |
| Website | www |
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]
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[edit]
References[edit]
- ↑ "Virtuous enters Delhi real estate". Economic Times. 19 April 2018.
- ↑ "Virtuous Retail acquires three malls for $500 mn". Live Mint. 24 September 2019.
- ↑ Babar, Kailash. "Xander's Virtuous Retail Buys 20-acre Raymond land parcel in Thane for over Rs 710 crore". The Economic Times. Retrieved 29 September 2020.
External links[edit]
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