It has been reported that Tata Realty has sold Trilium shopping mall in Nagpur to Singapore-based Virtiuous Retail South Asia (VRSA) for 700 crore.
VRSA is the retail arm of private equity firm Xander.The shopping mall in the city is spread over 7 lakh sq ft area. The company has added two more operational centres to its existing, operational 5.4 million square feet retail portfolio.
As per information, the acquisition from Tata Realty is part of company’s rapid pan-India expansion strategy being executed through both ground up development and acquisition of existing, high –quality retail assets.
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