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PE investments in retail realty highest since 2008

The retail space of the real estate sector seems to be shifting gears, with private equity (PE) investments growing from R250 crore to a whopping R3,350 crore during the first half of 2016.

By: | Mumbai | Updated: September 23, 2016 6:41 AM

The retail space of the real estate sector seems to be shifting gears, with private equity (PE) investments growing from R250 crore to a whopping R3,350 crore during the first half of 2016.

According to property consulting firm Cushman and Wakefield, this is the highest annual PE investments made since 2008. The surge was led by Blackstone’s big ticket acquisitions of Alpha G Corp and L&T’s mall in Navi Mumbai and GIC’s investment in Viviana Mall.

H1 2016 also saw new mall supply increase to 4.8 million square feet (msf) in H1 2016 from a mere 0.2 msf in H1 2015. This is the highest half yearly supply in five years. Delhi-NCR accounted for the highest supply during H1 2016, followed by Pune and Mumbai.

These new mall spaces are expected to provide quality spaces to retailers and wider options for expansion across multiple cities.

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