India’s Retail Realty Beckons Israeli Giants

Israeli mall giants, which own many prime retail-linked realty assets across the world, are buying into India’s big buck retail story. Tel Aviv-based mall giant Gazit Globe has tied up with one of the HDFC funds to pump in $150 million into developing assets, including supermarket anchored retail play. Another Israeli major, Big Shopping Group, has teamed up with Lehman Brothers Real Estate Private equity to set up ‘open malls’ in tier I and tier II cities.

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