Support: +91-22-61011756 / help@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Warburg Pincus, Runwal Group forms JV to build malls in India

Tuesday, 21 May 2019
Share this on :
Warburg Pincus and Mumbai-based developer Runwal Group have formed a joint venture (JV) to create a shopping mall platform. Both partners will commit USD 200 million each in the form of equity and raise another USD 600 million in debt to create a corpus of USD one billion to invest in and develop shopping malls across Tier-1, 2, and 3 cities in India.

The platform will look to build large, destination malls, as well as smaller hypermarket and cinema-anchored community malls. This is Warburg Pincus’s first investment in the retail development sector in India, after putting Rs 1,800 crore in Piramal Realty for the latter’s residential business and USD 250 million in Embassy Industrial Parks.

The Warburg Pincus affiliate and Runwal Developers will each hold a 50 percent stake in the platform. The platform will be seeded with several projects, which are under development, and will also have the option of acquiring some of Runwal Group’s operational retail malls.

The JV partners are looking to acquire both greenfield and brownfield projects. The Runwal Group already operates four malls in Mumbai, with a total leasable area of around two million sq ft. These include its flagship R-City mall in suburban Ghatkopar, with a total leasable area of 1.2 million sq ft.

 
Post Your Comments
 
 
   
 

 

 
  
Sign up to start your free trial
REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

Username:

Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services