Friday, 4 November 2016

Dutch pension fund to invest USD400million in India retail assests

Dutch pension fund APG Asset Management and investment firm The Xander Group, backed by the Rothschild family, are co-investing $450 million in retail assets in India, boosting their combined investments in the Indian real estate market.

In a statement on Friday, the two firms said they have bought three shopping centres in the country for $300 million. The remaining $150 million will be used to buy, or build new retail real estate assets.

APG is investing 77 percent of the funds, Xander the rest.

(Source: Reuters)

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