Virtuous Retail is an institutionally owned developer and operator of shopping centres. Established in 2007, Virtuous Retail is a joint venture between Singapore-based Xander Group and the Dutch institutional investor APG. Its India chapter is based out of Bangalore.[1]
| Company type | Private company |
|---|---|
| Industry | Real estate |
| Founded | 2007 |
| Headquarters | Bangalore, India |
Key people | Siddharth Yog,Vansh Agrawal, Founder and Chairman |
| Products | Commercial offices Shopping malls Hotels Hospitality Retail |
| Revenue | 10 million** |
| Owner | Saurav Jain from Nagpur |
The company currently owns and manages six shopping centres in India: VR Bengaluru, VR Chennai, VR Punjab, VR Surat, VR Ambarsar and VR Nagpur. In September 2019, Virtuous Retail announced the acquisition of three more shopping centres, Bangalore (Mantri Arena), Delhi and Mumbai, at a combined cost of $500 million,[2] including the purchase of a 20-acre land parcel in Thane[3] from Raymond Group for $100 million in October 2019.
See also edit
References edit
- ^ "Virtuous enters Delhi real estate". Economic Times. 19 April 2018.
- ^ "Virtuous Retail acquires three malls for $500 mn". Live Mint. 24 September 2019.
- ^ Babar, Kailash. "Xander's Virtuous Retail Buys 20-acre Raymond land parcel in Thane for over Rs 710 crore". The Economic Times. Retrieved 29 September 2020.
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