After bulge bracket mall deals by Blackstone and GIC in Mumbai, global investors Canada Pension Plan Investment Board (CPPIB) and Macquarie are looking to buy malls in the country, said executives involved in the talks. “CPPIB has started talking to mall owners while Macquarie has shown interest in buying malls. All these investors prefer fixed yields. After office assets, malls are on their radar,” said the head of a mall, who did not want to be named. CPPIB has invested in malls in Brazil, Korea and the US, and is looking to own mall assets here.
Read more: Business Standard
