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PE firms are betting big on malls in tier-II cities

PE firms are betting big on malls in tier-II cities
US-based Blackstone leads the pack, buying up AlphaOne Mall in Ahmedabad, Elante Mall in Chandigarh and Treasure Island Mall in Indore. Private equity (PE) firms such as Blackstone, Xander-APG and others are placing bets on malls in tier-II cities due to increased demand from retailers for good quality spaces in such cities, which are scarce.   US-based Blackstone has bought malls such as AlphaOne Mall in Ahmedabad, Elante Mall in Chandigarh and Treasure Island Mall in Indore. It also ...
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