Indian retail projects raise $145 million from ADIA in 2019
February 12, 2020 (Abu Dhabi)
According to Arabian Business, the Abu Dhabi Investment Authority (ADIA) along with Singapore’s GIC and Alpha Pacific Group (APG), Blackstone and other major private equity players have close to $1 billion into Indian retail projects in 2019, with ADIA’s investments totaling $145 million.
The total private equity investment in the Indian retail realty sector saw almost a three-fold increase from $355 million in 2018, to $970 million in 2019. The article went on to suggest that global investors are betting big on selected Grade A mall projects in India, hoping to take advantage of their high scope of business profitability.
Read the original article on Arabian Business: Abu Dhabi fund active as Indian mall projects attract $1bn PE funding