Blackstone, Brookfield Among Firms Eyeing Indian Malls, ET Says
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Blackstone Group Inc. and Brookfield Asset Management Inc. are among private equity firms looking to buy stakes in Indian malls hit by the coronavirus pandemic, the Economic Times reported citing people it didn’t identify.
The investors are in talks to buy stakes in about six Indian malls including DB Mall and Logix Mall, for launching retail REITs. Chennai’s Marina Mall owners are also planning to exit the mall and are in discussions with Blackstone, Abdul Wadood, a promoter of the mall, told the newspaper.