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PE investment into Indian retail real estate likely to pick up in 2021


PE investment into Indian retail real estate likely to pick up in 2021
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Some of the retail investments that have either closed or are likely to close include Blackstone-Prestige Group portfolio deal including 8 malls and GIC-Phoenix Mills entering into an agreement to develop retail led mixed-used development platform.
Bengaluru: Private equity investment into Indian retail real estate assets is expected to pick up in 2021 with global funds like
GIC, Blackstone, Warburg-Runwal, and Lakeshore showing interest in the sector.
As per ANAROCK Research, 2019 saw total PE investments of approx $968 million in retail real estate. However, in 2020 retail real estate was one of the worst affected due to COVID19 which in-turn affected overall PE investments in the retail sector. ....

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